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Yunnan Copper forecasts profit turnaround in 2009

Yunnan Copper forecasts profit turnaround in 2009

Write: Iolanthe [2011-05-20]
Shares of Yunnan Copper Co, a copper company restructured from one of China's State-owned metal refineries, opened 2.31 percent lower at 24.58 yuan ($3.6) Friday after the company forecast a turnaround in annual net profit last year.Special Coverage:2009 profit forecasts of listed companies

The company attributed the profit increase to government stimulus plans and rising prices of copper. Its market value amounts to 31.6 billion yuan.