NORTH MINING (00433) Reports Interim Results with Attributable Profit of HK$70.137 Million, Turning from Loss to Profit Year-on-Year

Stock News
08/27

NORTH MINING (00433) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of HK$926 million, representing a 49% increase year-on-year. Profit attributable to owners of the company was HK$70.137 million, compared to a loss of HK$58.543 million in the same period last year. Basic earnings per share were HK$0.56 cents.

The announcement stated that the revenue increase was mainly attributable to increased sales volume of molybdenum concentrate products. The profit during the period was primarily due to the comprehensive recovery of the group's mining business during the period, with significant improvements in both production capacity and operational efficiency. The restoration of stable mining operations had a significantly positive impact on the group's overall performance.

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