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Yunnan Tin expects to swing to H1'16 net profit


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Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

Yunnan Tin expects to swing to H1'16 net profit

said July 12that it expected to swing to net profit of between 5 million Chinese yuan and10 million yuan in the first half, which compares to a net loss of 392.9million yuan, or 26.69 fen per share a year ago.

EPSis expected to range between 0.34 fen per share and 0.68 fen per share.

Theexpected turnaround was due to a price rebound in nonferrous metals. Theindium-tin miner Yunnan Hualian Zn-In Shares Co., which was in 2015, also improved YunnanTin's profitability, the company said.

As of July 11, US$1 wasequivalent to 6.69 Chinese yuan.