China Natural Resources Releases Interim Results Of Operations

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CHINA NATURAL RESOURCES
CHNR
, today released unaudited interim financial information for the three and six months ended June 30, 2013 as follows:   CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) THREE AND SIX MONTHS ENDED JUNE 30, 2013 AND 2012 (Amounts in thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2012 2013 2013 2012 2013 2013 CNY CNY US$ CNY CNY US$ REVENUE 37,841 41,268 6,724 66,903 70,555 11,496 COST OF SALES (22,344) (31,937) (5,204) (38,687) (51,428) (8,379) GROSS PROFIT 15,497 9,331 1,520 28,216 19,127 3,117 SELLING AND DISTRIBUTION EXPENSES (840) (1,363) (222) (1,525) (2,791) (455) ADMINISTRATIVE EXPENSES (21,203) (42,090) (6,858) (39,166) (65,942) (10,744) IMPAIRMENT LOSS ON PROPERTY, PLANT AND EQUIPMENT — — — — (184,417) (30,048) OTHER OPERATING EXPENSES (3,591) (1,760) (287) (4,704) (3,372) (549) OPERATING LOSS (10,137) (35,882) (5,847) (17,179) (237,395) (38,679) FINANCE COSTS (11,368) (31,902) (5,198) (20,818) (43,912) (7,155) INTEREST INCOME 905 1,337 218 1,695 1,778 290 NON-OPERATING INCOME (EXPENSE), NET (858) 1,613 263 (889) 1,215 198 PROFIT (LOSS) BEFORE INCOME TAXES (21,458) (64,834) (10,564) (37,191) (278,314) (45,346) INCOME TAXES (EXPENSE) BENEFIT (7,078) 6,448 1,051 (8,361) 50,083 8,160 LOSS FOR THE PERIOD (28,536) (58,386) (9,513) (45,552) (228,231) (37,186) ATTRIBUTABLE TO: Owners of the Company (28,547) (56,840) (9,261) (47,707) (227,422) (37,054) Non-controlling interests 11 (1,546) (252) 2,155 (809) (132) (28,536) (58,386) (9,513) (45,552) (228,231) (37,186) LOSSES PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: Basic (1.15) (2.28) (0.37) (1.92) (9.13) (1.49) Diluted (1.15) (2.28) (0.37) (1.92) (9.13) (1.49) LOSS FOR THE PERIOD (28,536) (58,386) (9,513) (45,552) (228,231) (37,186) Other comprehensive income (loss): Items to be classified to profit or loss in subsequent period: Foreign currency translation adjustments (2,794) 2,475 403 (2,579) 3,845 627 TOTAL OTHER COMPREHENSIVE INCOME (2,794) 2,475 403 (2,579) 3,845 627 TOTAL COMPREHENSIVE LOSS FOR THE PERIOD, NET OF TAX (31,330) (55,911) (9,110) (48,131) (224,386) (36,559) Attributable to: Owners of the Company (31,341) (54,365) (8,858) (50,286) (223,577) (36,427) Non-controlling interests 11 (1,546) (252) 2,155 (809) (132) (31,330) (55,911) (9,110) (48,131) (224,386) (36,559)   CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2013 AND DECEMBER 31, 2012 (Amounts in thousands) December 31, June 30, June 30, 2012 2013 2013 CNY CNY US$ (Unaudited) (Unaudited) ASSETS NON-CURRENT ASSETS Property, plant and equipment 2,349,914 2,308,729 376,168 Rehabilitation fund 33,052 44,942 7,323 Prepayments 117,123 118,629 19,329 Deferred tax assets 6,916 8,145 1,327 TOTAL NON-CURRENT ASSETS 2,507,005 2,480,445 404,147 CURRENT ASSETS Inventories 18,403 21,642 3,526 Trade and bill receivables 49,275 46,551 7,585 Prepayments 5,992 6,892 1,123 Other receivables 31,909 37,211 6,063 Restricted bank deposits 7,082 — — Term deposits with an original maturity over three months 23,650 3,699 603 Cash and cash equivalents 210,944 298,533 48,641 TOTAL CURRENT ASSETS 347,255 414,528 67,541 TOTAL ASSETS 2,854,260 2,894,973 471,688 LIABILITIES
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