North Mining (00433) Issues Profit Alert, Expects Interim Revenue to Rise by at Least 45% Year-on-Year
Stock News
Aug 20
North Mining (00433) announced that (i) the group expects to achieve net profit for the six months ended June 30, 2025, compared to a net loss in the same period last year; and (ii) the group expects revenue for this period to increase by at least 45% compared to the same period last year. The anticipated positive performance is primarily attributed to the group's full resumption of mining operations during this period, resulting in significant improvements in both production capacity and operational efficiency, which led to the turnaround from losses to profitability in financial performance. The restoration of stable mining operations has had a major positive impact on the group's overall performance.
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