- Write by:
-
Sunday, July 22, 2018 - 12:46:12 PM
-
1275 Visit
-
Print
Mining News Pro - A report on the performance of the National Copper Quarterly showed some cases, including increased production of wire and reduced production of copper cathodes.
In connection with FOMLY, the main product of this company is copper cathode. The company`s production has been on a par with a modest upward trend, although the production of the cathode has declined. The reason for the reduction of cathode production is due to the fact that part of the cathode is consumed in the production of wire. Therefore, we see that the production of wire has increased.
In terms of sales, the sales of cathode and wire were also higher, but given the fact that global copper prices decreased and the dollar exchange rate (4,200) decreased, the total sales were lower than the previous one for the company.
Differences in the margins of gross profit and operating profit are due to the untapped cost reduction. In fact, they deduct the unpaid cost accounting from the cost section, and add other costs in the other operating income. That is why the margin of gross profit decreased and the operating margin increased.
But the positive point of this contribution is that the company has reduced both the financial costs and the investment income (deposit profits) and, more importantly, for any reason, the company in the various sectors suffered a loss in currency during the period The first quarter of the year has not been identified. This was while the losses from currency depreciation in 1996 were about 312 billion USD.
The company seems to have settled its debts.
Short Link:
https://www.miningnews.ir/En/News/217937
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
No comments have been posted yet ...