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Shenzhen Zhongjin's net profit drops 57.26% YOY to 200.9M yuan in FY'15

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Shenzhen Zhongjin's net profit drops 57.26% YOY to 200.9M yuan in FY'15

said March 31 that its net profit attributable to shareholders for 2015 dropped57.26% year over year to 200.9 million Chinese yuan, or 9 fen per share, from the470.1 million yuan, or 23 fen per share, recorded a year ago.

Operatingincome declined 31.07% year over year to 16.94 billion yuan, among which 6.85 billionyuan was from the domestic market and the remaining came from overseas markets.

The companysaid reduced operational costs partially offsetlower prices of commodities and nonferrous metals in the reporting period.

Administration,finance and sales costs dropped 9.13%, 8.30% and 5.39% to 511.5 million yuan, 261.3million yuan and 264.2 million yuan, respectively.

The companyproduced 187,400 tonnes of lead and zinc concentrates from domestic projects, down0.79% from a year ago. Output at overseas projects increased 6.5% year over yearto 139,300 tonnes in 2015.

Shenzhen Zhongjin processed 258,700 tonnes of leadand zinc products in 2015, up 3.4% from 2014.

Productionof lead and zinc concentrates and products is expected to reach 330,000 tonnes and250,000 tonnes, respectively, this year, the company said.

The company declareda final dividend of 10 fen per 10 shares.

As of March 31,US$1 was equivalent to 6.45 Chinese yuan.