Taung Gold International Ltd. Reports Annual Loss Widening to HK$25.02 Million, No Revenue for Fiscal Year Ending March 2025

Reuters
06/30
Taung Gold International Ltd. Reports Annual Loss Widening to HK$25.02 Million, No Revenue for Fiscal Year Ending March 2025

Taung Gold International Ltd. has announced its audited consolidated annual results for the fiscal year ending 31 March 2025. The company reported a net loss of HK$25.018 million, a significant increase from the HK$20.752 million loss recorded in the previous year. The administrative expenses for the year amounted to HK$24.274 million, slightly lower than the HK$25.348 million incurred in the prior year. Other income increased marginally to HK$2.534 million from HK$2.291 million in the previous year. However, the company faced other net losses of HK$1.834 million compared to gains of HK$3.714 million in the previous year. The segment results for gold exploration and development in South Africa showed a widening loss of HK$13.004 million compared to a loss of HK$7.367 million the previous year. The trading of minerals segment did not report revenue. Overall, the Group did not generate any segment revenue during the year. Finance costs remained relatively stable at HK$1.436 million compared to HK$1.402 million in 2024. The company did not provide specific outlook or guidance for the upcoming year. As part of its operational focus, Taung Gold International Ltd. continues to prioritize its gold exploration and development activities in the Republic of South Africa.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taung Gold International Ltd. published the original content used to generate this news brief on June 30, 2025, and is solely responsible for the information contained therein.

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