China Nonferrous Mining Forecasts 17% Jump in H1 Profit

MT Newswires Live07-24

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%

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