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Jiangxi Copper flags up to 80% YOY jump in H1 profit

Jiangxi Copper Co. Ltd. expects its first-half net profit to increase between 415 million and 664 million Chinese yuan, or between 50% and 80%, on a yearly basis.

The company in a July 27 release attributed the expected profit increase to higher prices of its main metal products during the period. In the first half of 2017, the company booked an attributable net income of 829 million yuan, or 24 fen per share.

As of July 27, US$1 was equivalent to 6.81 Chinese yuan.