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Jiangxi Copper's Q1 net profit jumps 49% YOY

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Jiangxi Copper's Q1 net profit jumps 49% YOY

Jiangxi CopperCo. Ltd.'s first-quarter net profit attributable to shareholdersrose 49.27% to 201.4 million yuan, or 6 fen per share, from 134.9 million yuan,or 4 fen per share, in the yearago period, the company said April 29.

Total operating revenue climbed 19.66% to 38.85 billionyuan, from 32.47 billion yuan in the year-ago period. Total operating costs alsorose to 38.57 billion yuan, up from 32.51 billion yuan in the first quarter of2015.

Operating profits increased to 299.2 million yuan, from237.5 million year in the year ago quarter.

As of April 28, US$1was equivalent to 6.48 Chinese yuan.