Taung Gold Shows Financial Improvement Amid Reduced Losses

Taung Gold International Limited (HK:0621) has released an update.

Taung Gold International Limited reported a decrease in its interim loss for the six months ended September 2024, with a loss of HK$8,539,000 compared to HK$9,904,000 in the previous year. Despite the ongoing losses, the company experienced a positive turnaround in total comprehensive income, largely due to favorable foreign exchange differences. Investors may find optimism in the improved financial performance and reduced administrative expenses.

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