07
Feb
10:40
Dazhong Mining forecasts doubling of annual profit
China-listed Inner Mongolia Dazhong Mining predicts it will post 2021 annual profit of CNY 1.54 billion-1.78 billion ($242-280 million), surging 161.1-202.3% year-on-year, Kallanish notes.
The rapid increase in profit was subject to strong sales of iron ore fines and pellet in the reporting year, according to the company’s stock exchange announcement.
Dazhong Mining, established in 1999, went public in May 2021 (see Kallanish passim). It has about 522.45 mi…
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