The company SUCCESS DRAGON (HKEX: 01182) has announced a positive profit alert, forecasting that the net profit attributable to its owners for the financial year ending March 31, 2026, will be no less than HK$72.9 million.
This projected figure stands in sharp contrast to the net profit of approximately HK$8.5 million recorded for the previous financial year ended March 31, 2025.
The significant surge in profitability is primarily attributed to a substantial increase in revenue stemming from two key developments.
Firstly, the completion of infrastructure construction at a mining area in Henan Province has enabled the resumption of gold ore production and processing activities.
Secondly, capitalizing on gold prices reaching record highs, the group sold a greater volume of gold ingots in Yunnan Province, thereby realizing increased profits.