China Nonferrous Mining (HKG:1258) forecasts its attributable profit to rise 17% year on year to about $217 million in the six months ended June 30, according to a Tuesday filing with the Hong Kong Stock Exchange.
The upbeat forecast is attributable to a rise in international copper prices, the filing said.
Shares jumped more than 1% in Hong Kong on Wednesday afternoon.
Price (HKD): $5.36, Change: $+0.07, Percent Change: +1.32%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments