Ganfeng Lithium Turns to Q1 Profit as Revenue Jumps 144%

MT Newswires Live

04/30

Ganfeng Lithium (SHE:002460, HKG:1772) posted first-quarter attributable net profit of 1.84 billion yuan, compared with loss of 355.8 million yuan the previous year.

Earnings per share stood at 0.88 yuan, versus loss per share of 0.18 yuan last year, according to a Thursday filing with the Shenzhen bourse.

Operating revenue jumped 144% year over year to 9.20 billion yuan from 3.77 billion yuan.

Shares of the lithium miner were up 2% in recent trade on the Shenzhen bourse and 1% on the Hong Kong bourse.

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