G-resources (01051) announced its interim results for the six months ended June 30, 2024, and the group achieved profits...
According to the Zhicheng Finance APP, G-resources (01051) announced its interim results for the six months ended June 30, 2024. The group achieved a profit of 18.154 million US dollars, an increase of 11.79% year-on-year; the profit attributable to owners of the company was 40.349 million US dollars, compared to a loss of 5.344 million US dollars in the same period last year; the earnings per share were 8.95 cents.
The announcement stated that the turnaround from loss to profit was mainly due to: a significant increase of 45.3 million US dollars in fair value gains on financial assets and perpetual note investments measured at fair value; an increase in income of 2 million US dollars, mainly due to dividends and distributions from financial products, as well as increases of 0.8 million US dollars and 1.1 million US dollars in dividend income and interest income, respectively; an increase of 2.4 million US dollars in income generated from fixed income investments; and a reduction of 1 million US dollars in administrative expenses.
