tiprankstipranks
CMOC Reports Stellar Profit Increase for 2024
Company Announcements

CMOC Reports Stellar Profit Increase for 2024

China Molybdenum Co (HK:3993) has released an update.

Don't Miss our Black Friday Offers:

China Molybdenum Co (CMOC) has issued a positive profit alert, indicating a substantial increase in net profits for the first half of 2024, estimated to be up by 638% to 716% compared to the previous year. This surge is largely due to a significant rise in the output and sales of copper and cobalt products, alongside cost optimization and technology improvements. Investors are cautioned to consider this preliminary data carefully, as detailed financials will be available in the company’s 2024 interim report.

For further insights into HK:3993 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Molybdenum’s 2024 Meeting to Shape Future Moves
TipRanks HongKong Auto-Generated NewsdeskChina Molybdenum Co Announces Key Shareholder Meeting
TipRanks HongKong Auto-Generated NewsdeskChina Molybdenum Co. Prepares New Deals with CATL and KFM
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App