CMOC (SHA:603993, HKG:3993) said it expects its H1 profit to rise by up to 68% year over year, according to a Hong Kong bourse filing Monday.
Shares of the miner fell over 1% in Hong Kong Tuesday morning, while its Shanghai-listed shares slipped almost 1%.
The company expects attributable profit of 8.2 billion yuan to 9.1 billion yuan for the six months ended June 30, representing an increase of 51% to 68% compared with the same period last year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.