Shenghe Resources (SHA:600392) expects its net profit attributable to parent to surge between 281% and 339% year on year to a range of 790 million yuan to 910 million yuan, according to a Shanghai bourse filing on Friday.
The Chinese rare earth miner's attributable profit a year earlier was 207.2 million yuan, or 0.12 yuan per share.
The company's shares dipped 10% at the close.
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