Zijin Mining's Q1 Profit Surges 62%; Hong Kong Shares Jump 7%

MT Newswires Live

04/14

Zijin Mining's (HKG:2899, SHA:601899) attributable profit surged 62% to 10.2 billion yuan in the first quarter from 6.26 billion yuan in the year-ago period, according to a Friday filing with the Hong Kong bourse.

Earnings per share at the mining company increased 58% to 0.376 yuan from 0.238 yuan a year earlier.

Operating income rose 5.6% to 78.9 billion yuan from 74.8 billion yuan in the prior-year period.

Hong Kong shares of the miner gained nearly 7% in morning trade Monday, while its Shanghai shares rose nearly 5%.

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