Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Xiamen Tungsten expects 2011 profit to soar 191.71%

Jan. 20, 2012 (China Knowledge) - Xiamen Tungsten Co Ltd<600549>, China's largest producer of tungsten, said yesterday that it expected its net profit to grow 191.71% year on year to RMB 1.02 billion in 2011.

The company said in a statement that its earnings per share were estimated at RMB 1.50 last year.

Xiamen Tungsten saw its unaudited operating revenue jump 115.19% year on year to RMB 11.92 billion in 2011.

The Shanghai-listed company attributed the strong growth in net profit to a sharp increase in the prices of tungsten products and contribution from a real estate subsidiary based in Xiamen.

In the first three quarters of 2011, the company's net profit increased 188.35% year on year to RMB 905.72 million, and its operating revenue grew 150.12% to RMB 9.77 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved