Mongolian Mining (HK:0975) has released an update.
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Mongolian Mining Corporation (MMC) reported a solid performance with a revenue increase to USD 541.1 million in the first half of 2024, up from USD 516.7 million in the same period the previous year. The company’s profit for equity shareholders was USD 133.0 million with earnings per share at USD 12.05 cents, although slightly down from USD 13.11 cents in 2023. Additionally, MMC made strategic moves by acquiring a 50% stake in Erdene Mongol LLC and selling a 20% stake in Khangad Exploration LLC, continuing to adjust its portfolio.
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