MONGOL MINING (00975) Issues Profit Warning, Anticipates FY2025 Net Profit Between $5 Million and $15 Million
Stock News
Feb 16
MONGOL MINING (00975) has announced an expected consolidated net profit for the fiscal year ending December 31, 2025, in the range of approximately $5 million to $15 million. This decrease in profit is primarily attributed to lower sales prices for washed coking coal in 2025, alongside a one-time loss incurred from the early full redemption at 109.27% of the redemption price of the senior notes due in 2026. Although the group's financial performance for the 2025 fiscal year is impacted by these factors, the board of directors believes the company maintains ample funding and a robust cash position, retaining the capability and conditions to actively pursue its strategic and operational objectives.
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