South Korean zinc producer Korea Zinc reported its financial earnings for the June quarter with a fall in both net profit and income, quarterly and year-on-year.
The company’s net profit fell by 39.9pc to KRW111bn ($90mn) in Q2 compared to 2019 June quarter. The company’s operating profit in June ending quarter dipped by 33pc to KRW164bn from the prior year. The company’s revenues also slipped by 6.9pc to KRW1.62trillion in Q2 from the prior year.
The company’s financials compared to previous quarter also dipped. Net profit was down by 21.8pc in Q2. Operating profit declined 20pc in June quarter and net income fell by 6.4pc in Q2.
Korea Zinc has an annual zinc production capacity at 650,100mt, lead at 413,000mt and annual copper production stands at 25,800mt.
($1=KRW1197.22)