CMOC Group (HKG:3993) is expected to report an up to 90% annual jump in first-half net profit attributable to shareholders, according to a Friday filing to the Hong Kong Stock Exchange.
The company's attributable net profit for the six months ended June is expected to rise to between 15.5 billion yuan and 16.5 billion yuan, as copper metal output was up 9.7% to 388,000 tonnes. A surge in the prices of molybdenum and tungsten products and the consolidation of its gold-mining business in Brazil were also named as factors contributing to the positive profit alert.
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