Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) expects attributable net profit of 1.70 billion yuan to 1.78 billion yuan for the six months ended June 30, up 54% to 61% from 1.11 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the expected growth to a roughly 43% increase in the average selling price of gold from a year earlier, as well as stronger production and operational management.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments