Jinchuan Group International Resources Co. Ltd Announces Unaudited Consolidated Production and Sales Results for the Six Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2019
For the six months, the company reported Copper revenue of $203,386,000 against $224,157,000 for the same period a year ago. Cobalt revenue was $8,718,000 against $190,508,000 for the same period a year ago.
The Board would like to inform the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group and the current information available to the Board, the Group is expected to record a substantial decrease in profit attributable to the shareholders of the Company by approximately 90% to 100% in first half of 2019 as compared to approximately $61,022,000 recorded in the first half of 2018.