Nan Nan Resources Enterprise Limited has issued a positive profit alert, indicating a significant improvement in their financial performance for the fiscal year ending March 31, 2025. The company anticipates a rise in profit from approximately HK$37.70 million in FY2024 to at least HK$80.00 million in FY2025. This expected increase is largely attributed to a substantial boost in the gross profit of their coal mining business, which surged to approximately HK$153.53 million in FY2025 from HK$43.14 million in the previous year. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
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