Yintai Gold Forecasts Up to 71% Surge in Q3 Profit

MT Newswires Live10-09

Yintai Gold (SHE:000975) forecasts its attributable profit will surge 56% to 71% to between 600 million yuan and 655 million yuan in the third quarter, from 383.7 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen Stock Exchange.

The gold miner expects basic earnings per share to increase to between 0.2161 yuan and 0.2359 yuan from 0.1382 yuan a year earlier.

For the nine months ended Sept. 30, attributable profit is seen to increase 50% to 55% to between 1.68 billion yuan and 1.73 billion yuan from 1.12 billion yuan in the year-ago period.

EPS is seen to surge to between 0.6050 yuan and 0.6230 yuan from 0.4028 yuan in the year-ago period.

Shares closed 7% lower during Wednesday's trading.

Price (RMB): Â¥17.06, Change: Â¥-1.2, Percent Change: -6.72%

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