Mongolia Energy (00276) Expects Mid-Year Total Revenue to Drop Significantly to No More Than HKD 900 Million

Stock News
Oct 23

Mongolia Energy (00276) announced that it anticipates the group will report total revenue of no more than HKD 900 million for the six months ending September 30, 2025 (the financial period), a significant decrease compared to HKD 1.699 billion for the same period ending September 30, 2024. This decline in revenue is primarily attributed to the global economic downturn and a slowdown in the Chinese steel market, leading to weak demand and declining prices for coking coal during the financial period. Based on the available information, the company expects that its gross profit will be adversely affected by this decrease in revenue. For more heavy-hitting information on Hong Kong stocks, download the financial app for more details on Hong Kong and overseas investment information at www.zhitongcaijing.com (search for “智通财经”); to join the Hong Kong stock investment group, please add the customer service WeChat (ztcjkf).

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