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Bloomberg reported that Jiangxi Copper’s (SHA:600362) first quarter profit dropped 9.6 percent due to lower prices.
Bloomberg reported that Jiangxi Copper’s (SHA:600362) first quarter profit dropped 9.6 percent due to lower prices.
As quoted in the market news:
Net income declined to 1.43 billion yuan ($227 million), or 0.41 yuan a share, for the three months ended March 31 from 1.59 billion yuan, or 0.46 yuan, a year ago, the Guixi, Jiangxi province-based company said today in a statement to the Shanghai stock exchange, citing Chinese accounting standards. Sales climbed 14 percent to 28.8 billion yuan.
