Zibao Metals Recycling Holdings PLC Statement re Share Price Movement (3862Q)
11 September 2017 - 9:13PM
UK Regulatory
TIDMZBO
RNS Number : 3862Q
Zibao Metals Recycling Holdings PLC
11 September 2017
11 September 2017
Zibao Metals Recycling Holdings Plc
("Zibao" or the "Company")
Statement re share price movement
The directors have noted the recent increase in the Company's
share price.
The results for the year to 31 March 2017 should be published
shortly. These will show a substantial increase in turnover, which
has been offset by falling margins. Overall there has been an
increase in profits as result of cuts in overheads albeit somewhat
offset by an overall reduction in gross profits. Trading conditions
remain weak.
The strength of the balance sheet has allowed the Company to
invest more extensively in working capital which has been a key
factor in the growth of sales and the maintenance of profits.
For further information please contact:
Zibao Metals Recycling Holdings Tel: +852 2769
PLC 7662
Wenjie "Joe" Zhou, Chairman www.zibaometals.com
Jianfeng "Eddy" Li, Chief Executive
Officer
Chor Wei "Alan" Ong, Finance Director
ZAI Corporate Finance Limited Tel: +44 (0)20
(Nominated Adviser and Broker) 7060 2220
Ray Zimmerman/Tim Cofman www.zaicf.com
This information is provided by RNS
The company news service from the London Stock Exchange
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