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Yunnan Copper expects up to 110M yuan Q3 net profit

Yunnan Copper Industry (Group) Co. Ltd. said Oct. 13 that it expected net profit to reach between 86 million Chinese yuan and 110 million yuan in the third quarter, up from the 33.8 million yuan recorded in the same period of 2016.

The company attributed this to strengthened cost controls as well as price increases in nonferrous metals.

EPS is expected to range between 6 fen per share and 8 fen per share, compared to the 2 fen per share posted a year ago.

As of Oct. 13, US$1 was equivalent to 6.59 Chinese yuan.