China Northern Rare Earth's H1 Profit Soars 120%, Revenue Jumps 37%

MT Newswires Live11:21

China Northern Rare Earth's (SHA:600111) net profit attributable to shareholders in the first half soared 120% to 2.05 billion yuan from 931.3 million yuan a year earlier, according to a Shanghai bourse filing on Thursday.

Earnings per share also rose year on year to 0.5679 yuan from 0.2576 yuan.

Operating revenue jumped 37% to 25.8 billion yuan from 18.9 billion yuan in the previous year.

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