Lingbao Gold (03330) released its interim performance for the six months ended June 30, 2024, with revenue of 4.281 billion yuan, a decrease of 26.67% year-on-year. Shareholders' attributable surplus increased by 8.68% to 0.153 billion yuan, and earnings per share were 12.54 cents.
Lingbao Gold (03330) released its interim performance for the six months ended June 30, 2024, with revenue of 4.281 billion yuan, a decrease of 26.67% year-on-year. Shareholders' attributable surplus increased by 8.68% to 0.153 billion yuan, and earnings per share were 12.54 cents.
The group's gross profit and gross margin for this period were 0.408 billion yuan and 9.52%, respectively. In the same period of the previous year, the gross profit and gross margin were 0.355 billion yuan and 6.09%, respectively. The increase in gross margin was due to the improvement of gross profit of Rich Gold, the turnaround of Gold Toad Company from loss to profit, and the reduction of losses in the smelting division.