Xinjiang Xinxin Mining Industry Forecasts 259% Surge in H1 Profit
Xinjiang Xinxin Mining Industry (HKG:3833) expects attributable profit of around 257.3 million yuan for the six months ended June 30, up 259% from 71.6 million yuan a year prior.Revenue is anticipated to rise 13% year over year to approximately 1.27 billion yuan, according to a Hong Kong bourse filing Thursday.The mining company attributed the forecast to a rise in operating results amid higher average selling prices of its nickel cathode, copper cathode, and other products.