Yunnan Copper Co. Ltd. expects to see a year-over-year increase of between 11.7% to 63.7% in its third-quarter net profit attributable to shareholders.
The company said in an Oct. 12 filing that net profit for the three months is expected to range between 107.6 million Chinese yuan and 157.6 million yuan.
Basic EPS for the third quarter is expected to reach 8 fen to 11 fen per share, compared to 7 fen per share reported a year earlier.
For the first nine months, the company expects its net profit attributable to shareholders to range between 370 million yuan to 420 million yuan, which represents a yearly growth of 64.5% to 86.7%.
The company attributed its earnings growth to a rise in production and prices of electrolytic copper and sulfuric acid.
As of Oct. 12, US$1 was equivalent to 6.92 Chinese yuan.