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Northern Rare Earth has an increase of 46% in net profit of Q1 2018
Wang.C.S  2018.04.04



In April 27th, the Northern Rare Earth (600111) published a quarterly report in 2018. The company achieved 3.20 billion yuan in the first quarter of 2018, an increase of 56.53 percent year-on –year. The nonferrous smelting processing business grew in an average rate of 15.51 percent; and net profit attributable to the shareholders of listed companies was 109 million yuan, growing by 46.41 percent year-on-year. The average net profit growth rate of the non-ferrous smelting processing business was 93.53 percent, and the company's earnings per share was 0.03 yuan RMB.

Northern Rare Earth (Group) High-Tech Corporation has a complete industrial chain of rare earth mineral processing, smelting, functional materials and deep processing and application products. It is a high-tech enterprise group across regions, across ownership and in many fields in northern China.
 
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