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Yunnan Tin expects up to 200M yuan in Q3 net profit

Yunnan Tin Co. Ltd. said Oct. 12 that its net profit attributable to shareholders for the third quarter will surge to between 170 million Chinese yuan and 200 million yuan from the 50.3 million yuan recorded a year ago.

EPS is expected to range between 11.06 fen and 13.01 fen per share.

The company attributed the surge in net profit to reduced costs and a rebound in prices of base metals in the period.

The tin producer posted a 7,165.1% year-over-year jump in net profit for the first half.

As of Oct. 11, US$1 was equivalent to 6.59 Chinese yuan.