China Northern Rare Earth's (SHA:600111) net profit attributable to shareholders in the first quarter surged 113% year on year to 917.7 million yuan from 430.6 million yuan a year earlier, according to a Shanghai bourse filing on Wednesday.
Earnings per share rose 0.25 yuan from 0.12 yuan.
Operating revenue jumped 28% to 11.9 billion yuan from 9.29 billion yuan in the previous year.
Shares of the company rose 10% during the morning trade on Wednesday.
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