Brief: Xinjiang Xinxin Mining Industry Posts FY Revenue Was Rmb1,657.5 Million

Xinjiang Xinxin Mining Industry Co

27/03/2020 15:37

March 27 (Reuters) - Xinjiang Xinxin Mining Industry Co Ltd
 3833.HK :
    * FY REVENUE WAS RMB1,657.5 MILLION, A DECREASE OF 5.3%
    * FY PROFIT ATTRIBUTABLE RMB27.4 MILLION VERSUS LOSS OF
RMB54.2
MILLION
    * SINCE JAN,CORONAVIRUS HAS IMPACT ON GROUP'S PRODUCTION
OPERATIONS IN PERIOD SUBSEQUENT TO BALANCE SHEET DATE
    * IMPACT OF COVID-19 OUTBREAK ON GROUP IN JANUARY 2020 WAS
MAINLY
ON GROUP'S PRODUCTION OF RAW MATERIALS
    * COVID-19 OUTBREAK WILL NOT HAVE MATERIAL IMPACT ON
OPERATIONS OF
GROUP
    * EXPECTS CONSUMPTION VOLUME OF NICKEL CATHODE & COPPER
CATHODE IN
DOMESTIC NON-FERROUS METAL MARKET TO INCREASE IN 2020


Further company coverage:  3833.HK 

 ((Reuters.Briefs@thomsonreuters.com;))