North Mining Shares Issues Update on Auditor’s Disclaimer of Opinion Over 2024 Accounts
Reuters
Sep 30
<a href="https://laohu8.com/S/00433">North Mining</a> Shares Issues Update on Auditor's Disclaimer of Opinion Over 2024 Accounts
**North Mining Shares Company Limited Updates on Accounting Disclaimer** North Mining Shares Company Limited (Stock Code: 433) has issued an update regarding the disclaimer of opinion expressed in its 2024 annual report by the company's auditors. The disclaimer was related to concerns over North Mining's ability to continue as a going concern, as the auditors were unable to obtain sufficient audit evidence to confirm the accuracy of the financial statements. In response, North Mining has implemented a series of remedial actions, including expense reductions across all departments and ongoing monitoring of its financial status. The company reported that its mining operations generated HK$514.73 million in revenue and HK$172.42 million in segment profit during the first half of 2025, with an additional HK$90 million in revenue recorded through mid-September. North Mining has pledged to provide quarterly updates until the disclaimer of opinion is resolved. The company advises shareholders and potential investors to exercise caution when dealing in its securities.
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