MONGOL MINING (00975) Issues Profit Warning, Expects H1 Comprehensive Net Loss of $15-25 Million, Turning from Profit to Loss Year-on-Year

Stock News

2025/08/07

MONGOL MINING (00975) announced that compared to its comprehensive net profit of $132.9 million in the first half of 2024, the group expects to record a comprehensive net loss of approximately $15 million to $25 million in the first half of 2025. According to the announcement, the profit decline is primarily attributed to decreased coking coal sales prices, which led to reduced revenue for the group in H1 2025 compared to the same period in 2024, as well as one-time items related to debt refinancing.

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