No Data
SouthGobi Resources Expects to Turn to Profit in H1, Shares Down 14%
HK stocks fluctuate | Southgobi (01878) fell by over 11%, with an expected net income attributable to shareholders of approximately 9 to 11 million US dollars in the interim.
Southgobi (01878) fell more than 11%, as of press time, it has fallen by 11.01%, to HKD 2.83, with a turnover of 0.7273 million Hong Kong dollars.
SouthGobi Resources Anticipates Profit Surge
Southgobi (01878.HK) Prosperity: expected net profit of USD 9 million to USD 11 million for the first half of the year.
Southgobi (01878.HK) announced that the company is expected to record a net income of USD 9 million to USD 11 million for the six months ending June 30, 2024, which is attributable to equity holders of the company, while a net loss of approximately USD 52.8 million was recorded for the same period in 2023. The turnaround from loss to profit is mainly due to (1) an increase in sales during the mid-term period, and (2) the disclosure in announcements of July 31, 2023, August 18, 2023, February 26, 2024, May 22, 2024, and June 12, 2024, that the second quarter of 2023 recorded.
SOUTHGOBI: POSITIVE PROFIT ALERT
gtja: Global perspective on the impact of the US economic downturn on the coal industry in china
The international coal price has a relatively weak impact on China mainly because it is not globally priced like crude oil and natural gas, especially in the USA, which is the largest variable in terms of marginal demand elasticity. China accounts for 56% of global coal demand and has an import dependence of only about 10%.
No Data
