Summary by Moomoo AI
CGN Mining Limited announced the unaudited interim performance for the six months ended June 30, 2024. The revenue increased by 39% to approximately HK$407.3 million compared to the same period last year, but the net profit attributable to shareholders decreased by 37% to approximately HK$11.3 million. The basic earnings per share decreased from 2.36 Hong Kong cents in the same period last year to 1.49 Hong Kong cents. The company announced a interim dividend of 0.3 Hong Kong cents per share. During the reporting period, the total equity resources of the company amounted to 39,000 tonnes U and the equity production was 624 tonnes U. The company stated that the decrease in net profit was mainly due to the increase in income tax expenses. In addition, the company announced after the reporting period that Mr. Wang Xianfeng was appointed as Executive Director, Chairman of the Board of Directors and Chief Executive Officer. The company will continue to participate in the operation and management of Xie Company and Ao Company, and strengthen market development strategies.
