CapitalVue reported that Shenzhen Zhongjin Lingnan Nonfemet posted 16.7% YoY growth in interim net profits to CNY 350.51 million.

Sales revenues grew 9.16% YoY to CNY 4.9 billion while earnings per share hit CNY 0.17. The firm produced 54.7 tonnes of copper concentrate and 243 kilograms of gold concentrate. It also generated 88.51 tonnes of silver concentrate an increase of 18.41% YoY. Of the total silver concentrate, 54.4 tonnes were produced in China while another 23.21 tonnes were made in Australia.

The company only produced only 50,000 tonnes of zinc ingot metals down 74.87% YoY because of a halt at its factory in Shaoguan city. The halt incurred a loss of CNY 190 million to the firm, constraining growth in net profits. Last December, the Shaoguan Factory was required by the municipal government to stop production while repairs were made in response to a thallium leak into a nearby river.

The facility resumed production on July 19th 2011 after gaining approval from the local State Asset Supervision Authority. The firm also predicted that net profits for the first three quarters would grow by between 75% and 100%.

(Sourced from CapitalVue.com)