China Molybdenum Co., Ltd. provided consolidated earnings guidance for the year ended 31 December 2014. The board of directors of the company it is expected that the net profit attributable to owners of the company for the year ended 31 December 2014 will increase by approximately 55% as compared to the previous corresponding period (net profit attributable to owners of the company for the year ended 31 December 2013 was approximately RMB 1.174 billion). The increase in the net profit attributable to owners of the company is mainly due to substantial increase in profit generated from Northparkes copper and gold mine in Australia as compared to the corresponding period in 2013 following the completion of the acquisition of Northparkes in December 2013; and gain on disposal of subsidiaries.
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- China Molybdenum Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ended 31 December 2014