Chinavtm Mining (00893) released its interim performance for the six months ended June 30, 2024, and the group generated revenue...
According to the announcement released, Chinavtm Mining (00893) achieved revenue of 0.289 billion yuan (same unit) for the six months ended June 30, 2024, an increase of 2.8% year-on-year; the attributable loss to owners of the company was 0.172 million yuan, while the loss for the same period last year was 6.116 million yuan; loss per share was 0.01 cent.
During the reporting period, the group's revenue increased due to improved trading volume, increased average selling price of high-grade iron concentrates, and expanded scope of facility management services. However, this increase was offset by a decline in sales volume of high-grade iron ore field business and rising operating costs. The group noted that the overall market conditions remained weak.
