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Tongling Nonferrous' profit down 46% in Q3

Oct. 31, 2012 (China Knowledge) - Chinese copper smelter Tongling Nonferrous Metals Group Co Ltd<000630>, has announced its net profit for the third quarter of this year decrease 46.28% YoY to RMB 179 million.

According to a statement filed with Shenzhen Stock Exchange, basic earnings per share for the period were RMB 0.13.

From July to September 2012, the Shenzhen listed copper smelter's operation revenue hit RMB 19 billion, 7.88% more than it realized in the same period of last year.

In the first nine months of this year, Tongling Nonferrous saw its operation revenue amount to RMB 52.72 billion, up 1.32% YoY, while its net profit for the period plunged 34.62% YoY to RMB 677 million.

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