Jinduicheng Molybdenum (601958.SH) targets RMB500 mln of net profits in 2013
BEIJING, Mar 18, 2013 (Xinhua via COMTEX) --
Jinduicheng Molybdenum (601958.SH), o
ne of the biggest molybdenum producers in China, said on Tuesday that
it targeted 500 million yuan of net profits in 2013.
According to a filing to the stock exchange, the Shanghai-listed c
ompany plans to produce 38,500 metric tons (tonnes) of molybdenum conc
entrate and targets 8.6 billion yuan of operating revenue this year.
The company's annual report shows that its operating revenue incre
ased 16.92 percent year on year to 8.57 billion yuan, while net profit
s fell 29.1 percent from a year earlier to 522 million yuan in 2012. (
Edited by Hu Pingchao, firstname.lastname@example.org)
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