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Western Mining's H1 Profit to Soar Up to 130%; Shares Up 7%

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Western Mining (SHA:601168) predicted that its net profit attributable to shareholders for the first half would soar by between 114% and 130% year on year to a range of 4 billion yuan to 4.30 billion yuan, according to a Shanghai bourse filing on Friday.

The attributable profit in the previous year was 1.87 billion yuan, or 0.78 yuan per share.

The forecast was attributed to the increase in the prices of copper, gold and silver products.

The mining company's shares jumped 7% during the midday trade.

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