Mongolia Energy (HKG:0276) returned to an attributable profit of HK$1.68 billion, or HK$8.92 per share, in the year ended March 31, from a loss of HK$1.60 billion, or HK$8.52 per share, in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.
Revenue at the coal mining company grew to HK$3.17 billion from HK$2.91 billion a year earlier.
Shares surged 26% in Hong Kong during Thursday's afternoon trading.
Price (HKD): $0.92, Change: $+0.19, Percent Change: +26.03%
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