Shandong Gold Mining Co., Ltd. Class H (HK:1787) has released an update.
Shandong Gold Mining Co., Ltd. anticipates a significant profit increase for the first half of 2024, expecting a net profit of RMB1,250 million to RMB1,450 million, marking up to a 67.89% year-on-year growth. The company attributes this rise to strategic leadership, operational efficiency, cost reductions, and favorable gold prices, alongside gains from acquiring Yintai Gold. These preliminary estimates have not yet been audited.
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