trending Market Intelligence /marketintelligence/en/news-insights/trending/X-BlwcmuMcU1nsE2V8Uztg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Mitsui Mining & Smelting slashes H1'19 profit forecast on lower sales volumes

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Mitsui Mining & Smelting slashes H1'19 profit forecast on lower sales volumes

Mitsui Mining & Smelting Co. Ltd. on Aug. 8 flagged a fall in fiscal 2019 first-half earnings guidance to ¥3 billion from the ¥9 billion it forecast in May as sales volumes in its materials segment are seen coming in under expectations. It also announced a sharp drop in first-quarter results.

Profit in the first half of fiscal 2018 totaled ¥4.55 billion.

Operating income is expected to total ¥6 billion, down from ¥12.5 billion previously expected, while net sales are now estimated at ¥238 billion, down from the previous ¥245 billion forecast.

Earnings in the first quarter fell 42.8% year over year to ¥2.6 billion amid an 8% drop in sales to ¥115.9 billion and a 64.3% fall in operating profit to ¥2.8 billion.

As of Aug. 8, US$1 was equivalent to ¥106.13.