Jinchuan Group Posts Profitable Interim Results

Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.

Jinchuan Group International Resources Co. Ltd has reported a significant turnaround in their interim financial results for the first half of 2024, with a profit of $12.784 million compared to a loss of $10.038 million in the same period the previous year. The company saw a decrease in revenue but managed to reduce costs substantially, resulting in a gross profit of $43.046 million, up from $28.389 million. Earnings per share also improved, standing at 0.07 US cents, recovering from a 0.10 US cent loss per share in 2023.

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