Rising Nonferrous Metals Share (SHA:600259) expects to return to profit in the first half with a net profit attributable to shareholders of between 70 million yuan and 85 million yuan, according to a Saturday filing on the Shanghai bourse.
The rare earths mining company's shares dropped less than 5% at the close of Monday's trade.
The company incurred an attributable loss of 301.6 million yuan, or 0.90 yuan per share, in the same period a year earlier.
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