(Bloomberg) -- Western Mining Co., a Chinese metals
producer that raised 6.2 billion yuan ($820 million) in a July
12 initial public offering in Shanghai, said first-half profit
gained 55 percent on higher prices of metal concentrates.
Net income rose to 858.5 million yuan from 553.4 million
yuan a year earlier, the Xining, Qinghai province-based company
said in a statement to the Shanghai stock exchange today, citing
preliminary figures. Sales rose 30 percent to 3.64 billion yuan
from 2.8 billion yuan. The company mines raw materials for zinc,
nickel and copper.
Read more at Bloomberg Emerging Markets News
producer that raised 6.2 billion yuan ($820 million) in a July
12 initial public offering in Shanghai, said first-half profit
gained 55 percent on higher prices of metal concentrates.
Net income rose to 858.5 million yuan from 553.4 million
yuan a year earlier, the Xining, Qinghai province-based company
said in a statement to the Shanghai stock exchange today, citing
preliminary figures. Sales rose 30 percent to 3.64 billion yuan
from 2.8 billion yuan. The company mines raw materials for zinc,
nickel and copper.
Read more at Bloomberg Emerging Markets News
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