Shenghe Resources' Attributable Profit Jumps 2.4 Times in H1

MT Newswires Live08-31 16:41

Shenghe Resources' (SHA:600392) attributable profit jumped 135%, or 2.4 times, to 886.6 million yuan in the first half from 376.9 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.

Earnings per share at the rare earth company increased to 0.5058 yuan from 0.2150 yuan in the prior-year period.

Operating revenue grew 42% year over year to 8.76 billion yuan from 6.18 billion yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment