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Chihong Zinc & Germanium Expects H1 Profit to Jump By Up to 88%

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Yunnan Chihong Zinc & Germanium (SHA:600497) forecasted that its net profit attributable to shareholder in the first half will jump by between 66% and 88% year on year to a range of 1.55 billion yuan to 1.75 billion yuan, according to a Tuesday filing on the Shanghai bourse.

The attributable profit a year earlier was 932.3 million yuan, or 0.18 yuan per share.

The company attributed the forecast to its profitability on the back of the growth of its prices in its main products, zinc, silver, germanium, and sulfuric acid.

The Chinese non-ferrous metal miner's shares jumped 10% at the close.

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