JL Mag Rare-Earth Expects 2025 Profit to More Than Double; Shares Jump 7&

MT Newswires Live

01/09

JL Mag Rare-Earth (HKG:6680) said it expects 2025 profit to more than double year over year, according to a Hong Kong bourse filing Thursday.

Shares of the magnets maker jumped over 7% in late morning trade Friday.

The firm expects 660 million yuan to 760 million yuan in attributable profit for the year, up 127% to 161% from the 291 million yuan recorded in 2024.

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