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The latest update is out from China Molybdenum Co ( (HK:3993) ).
CMOC Group Limited has issued a positive profit alert, signaling a substantial increase in net profit for the year 2024, with projections of an increase between 55.15% to 72.12% compared to the previous year. This growth is primarily driven by increased production and sales of copper and cobalt, alongside higher copper prices and cost-efficiency measures, which have significantly boosted the company’s profitability.
More about China Molybdenum Co
CMOC Group Limited, incorporated in the People’s Republic of China, operates in the mining industry with a focus on the production and sale of metals such as copper and cobalt.
YTD Price Performance: 1.32%
Average Trading Volume: 6,895
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $19.96B
Learn more about 3993 stock on TipRanks’ Stock Analysis page.
