North Mining Shares Reports 49% Revenue Increase to HK$925.8 Million and HK$105.8 Million Net Profit for H1 2025; EPS at HK0.56 Cents

Reuters
Sep 26
<a href="https://laohu8.com/S/00433">North Mining</a> Shares Reports 49% Revenue Increase to HK$925.8 Million and HK$105.8 Million Net Profit for H1 2025; EPS at HK0.56 Cents

North Mining Shares Company Limited reported its unaudited financial results for the six months ended 30 June 2025. The company posted total revenue of HK$925.8 million, up from HK$621.3 million for the same period in 2024. This increase was primarily driven by HK$514.7 million in sales of molybdenum concentrate, which were not recorded in the previous period, and HK$410.9 million in sales of chemical products, compared to HK$621.3 million in the prior year. Sales of aluminium products contributed HK$0.2 million. The company recorded a net profit attributable to owners of the company of HK$70.1 million for the first half of 2025, compared to a net loss of HK$58.5 million in the first half of 2024. Earnings per share for the period were HK0.56 cents, compared to a loss per share of HK0.47 cents in the previous year. Profit from operations for the period was HK$137.7 million, reversing a loss from operations of HK$68.3 million in the first half of 2024. The group's total comprehensive income for the period amounted to HK$91.7 million, compared to a total comprehensive expense of HK$92.4 million a year earlier. General and administrative expenses increased to HK$91.7 million from HK$57.0 million, while depreciation and amortisation expenses totalled HK$112.8 million. Capital expenditures during the period reached HK$29.3 million. The company's results reflect a significant increase in sales and a return to profitability for the first half of 2025, following losses in the same period of 2024. No outlook or guidance was included in the released results.

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