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