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Net profit of China Northern Rare Earth expected to increase in 1st half 2017 by 230%-260%
Wang Chunsun  2017.07.20



Northern Rare earth (Shanghai: 600111) released the "2017 semi-annual forecasted announcement" In July 15th which said the company's financial department to preliminary estimates, half year 2017 is expected to achieve net profit attributable to shareholders of listed companies compared with the same period last year, will increase by 230%-260%.

In the first half of 2017, Northern Rare Earth focused on the annual production target, kept deepen the efficiency improving, strengthen the management of production, increase sales of the main product, take many measures to enhance the level of income and profit. In addition, the state has continued to improve the order of production and circulation of rare earth industry, and the demand for rare earth market has grown moderately. The prices of rare earth products have risen in different ranges, and the production and operation situation of the rare earth industry has been improved. By the combined effect of the above factors, the reporting period attributable to shareholders of listed companies, a substantial increase in net profit.
 
From:  
 
HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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