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Henan Yuguang flags up to 1,499% YOY jump in FY'16 profit

Henan Yuguang Gold & Lead Co. Ltd. said on Jan. 24 that its net profit attributable to shareholders is expected to range between 150 million and 200 million Chinese yuan in 2016, which represents a jump of between 1,099% and 1,499% from the 12.5 million yuan posted a year ago.

The surge was due to hikes in the prices of lead, copper, gold and silver, as well as higher output.

As of Jan. 23, US$1 was equivalent to 6.86 Chinese yuan.