jinchuan intl (02362) rose more than 3% after the earnings surprise, up 3.77% to HKD 0.55 as of the release, with a turnover of 3,534.2 million HKD.
According to the WiseNews App, jinchuan intl (02362) rose more than 3% after the earnings surprise, up 3.77% to HKD 0.55 as of the release, with a turnover of 3,534.2 million HKD.
On the news front, jinchuan intl announced that the Group expects the attributable surplus to shareholders in the first half of 2024 to be no less than 5 million USD, while in the first half of 2023, the attributable loss to shareholders was about 12.5 million USD (unaudited).
The announcement stated that the expected reversal of the attributable loss to shareholders from the first half of 2023 to the attributable surplus to shareholders in the first half of 2024 is mainly due to: the average benchmark price of copper on the London Metal Exchange rising in the first half of 2024, resulting in an increase in the realized average price of copper in the first half of 2024; a significant decrease in net exchange losses in the first half of 2024 resulting from the recoverable value-added tax balances associated with the Group's subsidiaries in the Republic of Congo (valued in Congolese francs, the legal currency of Congo (Kinshasa)).