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Northern Rare Earth net profit rose more than 3 times last year

Janary 26, 2018      Source:Northern Rare Earth

Keywords:rare earth

Northern Rare Earth released notice of pre-performance announcement on January 22, preliminary estimates by the financial sector was expected to achieve net profit attributable to shareholders of listed companies in 2017 will increase 280 million yuan to 3.2 billion yuan compared with the same period last year, up an increase of 308% to 352%; net profit after deduction non-compared with the same period last year will increase 300 million yuan to 340 million yuan, an increase of 1558% to 1766%. Net profit attributable to shareholders of listed company of the same period of last year was 90.8356 million yuan, non-deduction 19.2575 million yuan.

The main reason for the performance increase, the company said that in 2017 under the continuous role of a series of governance policies, the relationship between supply and demand in the rare earth products market has improved, rare earth products prices have experienced slow rise, rapid rise to stabilize after the fall of the first fluctuations, rare earth industry operating performance has been improved, product prices and sales increase the company's annual operating performance year-on-year growth to play a supporting and promoting role.

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