Login ID:
Password:
Partner Login
Contact Us : 7066511911

HK Bourse: Announcement From Wanguo International Mining Group Ltd.

27 Jun 2017 9:16 am
 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2017/0627/LTN20170627273.pdf 
 
 
                                    POSITIVE PROFIT ALERT 
 
This announcement is made by Wanguo International Mining Group Limited (the "Company", together 
with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of 
Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside 
Information Provisions (as defined in the Listing Rules) of Part XIVA of the Securities and Futures 
Ordinance (Chapter 571 of the Laws of Hong Kong). 
 
The board (the "Board") of directors (the "Directors") of the Company wishes to inform the 
shareholders of the Company (the "Shareholders") and potential investors that based on a review of the 
Group's unaudited consolidated management accounts for the five months ended 31 May 2017, the Group 
is expected to record a surge in net profit for the six months ended 30 June 2017 as compared with that for 
the six months ended 30 June 2016. For the five months ended 31 May 2017 the Group recorded net profit 
of approximately RMB18.1 million compared with a loss of approximately RMB4.9 million for the 
corresponding period in 2016. In addition, a substantial volumes of concentrates products have not yet been 
delivered by the end of May 2017, the Group expects this will further increase the profits in June 2017. 
The expected surge in net profit is mainly attributable to the increases in metal prices, production scales 
and capacity as well as the increase in the volumes of concentrates sold by the Group. 
 
As the period of six months ended 30 June 2017 is yet to close and the results of the Group for such period 
have not been finalised, the information contained in this announcement is only based on the information 
currently available to the Company and the preliminary assessment of the unaudited consolidated 
management accounts of the Group for the five months ended 31 May 2017 which has not been reviewed 
by the auditors of the Company nor the audit committee of the Board. Further details of the Group's 
financial information will be discussed in its interim results announcement for the six months ended 30 
June 2017, which is expected to be released in August 2017. 
 
 
 
 
                                                      1 
Shareholders and potential investors are advised to exercise caution when dealing in the securities of 
the Company. 
 
 
 
Source: Hong Kong Exchanges & Clearing 
 
 

(END) Dow Jones Newswires

June 27, 2017 05:16 ET (09:16 GMT)
Disclaimer
Top 5 Special Reports
Floods in Mexico’s Chickpeas Producing belt puts Crop a...
USD/INR (Dec. ’19) – Short-Term Consolidation – 72.00 K...
USD/INR (Dec. ’19) – 72.00 Key Short-term Resistance / ...
USD/INR (Dec. ’19) – Hold Longs with Stops Near 71.70 /...
USD/MYR