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Tibet Mineral expects up to 37.5M yuan net profit for FY'17

Tibet Mineral Development Co. Ltd. expected net profit attributable to shareholders to range between 27 million and 37.5 million Chinese yuan in 2017, which represents an increase of between 26.9% and 76.3% from the 21.3 million yuan posted in 2016.

The company said in a Jan. 30 statement that it benefited from improved production and sales volumes of lithium products in the period.

As of Jan. 31, US$1 was equivalent to 6.29 Chinese yuan.