CNNC Int'l Posts 49% Drop in Interim Profit to HK$5.28 Million

Stock News08-26

CNNC Int'l (02302) has released its interim results for the six months ended June 30, 2026, showing a significant decline in profitability.

The group recorded revenue of HK$142 million, a sharp 76% decrease year-over-year. Profit attributable to shareholders of the company stood at HK$5.276 million, down 49.07% compared to the prior corresponding period. Earnings per share came in at 1.08 HK cents.

According to the announcement, the substantial drop in revenue during the review period was primarily attributed to a significant reduction in trading volumes. This was driven by heightened price volatility and uncertainty in the international spot uranium trading environment amid the outbreak of geopolitical conflicts in the Middle East, which escalated the risks associated with spot uranium trading activities during the period.

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