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Yunnan Copper expects up to 477% increase in FY'19 net profit

China's Yunnan Copper Co. Ltd. said Jan. 22 that its net profit attributable to shareholders for full-year 2019 is expected to increase between 421.0% and 477.1%.

Yunnan Copper attributed the forecast earnings growth to improved cost control and increased sales volume.

The company's net profit over the period is expected to climb to a range between 650 million Chinese yuan and 720 million yuan, compared with 124.8 million yuan in the previous year.

Basic EPS for full-year 2019 is forecast to range between 38.24 fen and 42.36 fen, compared with 8.78 fen in 2018.

As of Jan. 21, US$1 was equivalent to 6.91 Chinese yuan.