Jiangxi Ganfeng Lithium’s Net Profit Up 2.73% YoY in 2013 on More Sales
SHANGHAI, Feb. 26 (SMM) – Jiangxi Ganfeng Lithium Co.’s net profit increased by 2.73% year-on-year in 2013 on more sales.
The world’s largest lithium metal producer made a net profit of 71.55 million yuan ($11.67) or 0.47 yuan per share last year, the company told Shenzhen Stock Exchange today.
The company raised 482.68 million yuan by issuing 25.47 million shares in a private placement in December, 2013, it said in the exchange filing. Jiangxi Ganfeng plans to use the money in three lithium product projects, SMM reported earlier.
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