Tiger Brokers

CITIC Resources' Profit Slides 57% in H1; Shares Jump 1%

MT Newswires Live
Aug 25

CITIC Resources (HKG:1205) saw a 57% decline in attributable profit in the first half of 2025 to HK$151.7 million from HK$353.1 million in the year-ago period, a late Aug. 22 filing with the Hong Kong bourse said.

Shares of the natural resource company were up over 1% in Monday afternoon trading.

Earnings per share stood at HK$0.0193 in the interim period, down from HK$0.0449 in the corresponding period of the last year.

Revenue surged 138% to HK$9.38 billion in the six months from HK$3.94 billion a year prior.

The firm attributed the higher profit to a lower average selling price of crude oil and coal, higher raw material costs, and a decrease in the shares of profit of an associate and a JV firm.

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