Lygend Resources Forecasts Up to 75% Boost in Half-Year Profit
MT Newswires Live
Jun 11
Lygend Resources & Technology (HKG:2245) expects attributable profit of between 2.25 billion yuan and 2.5 billion yuan for the six months ending June 30, up 57% to 75% from the year-ago figure of 1.43 billion yuan.
Operating revenue is expected to rise by 35% to 49% to between 24.5 billion yuan and 27 billion yuan in the half year from 18.2 billion yuan a year prior, according to a Thursday Hong Kong bourse filing.
The forecast came about amid the start of production of the KPS production lines and a rise in product selling prices from January to May, the nickel company said.
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