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China Northern Rare Earth High-Tech profits plummet in 2016

By Albert Li
Published: Friday, 21 April 2017

Profits at China's leading rare earths producer dropped in 2016 as its sales mix leaned towards lower priced products

China Northern Rare Earth High-Tech Co. recorded lower sales turnover and net profit in 2016.

Sales turnover fell 21.92% year-on-year to Chinese rmb (Rmb) 5.11 billion while net profit plummeted 72.11% y-o-y to Rmb 90.84 million. ...

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