CGN Mining Co (HK:1164) has released an update.
CGN Mining Co. anticipates a mixed financial outcome for the first half of 2024, with a projected increase in pre-tax profit between HK$70 to HK$100 million, countered by an estimated HK$50 to HK$80 million drop in net profit, compared to the same period in 2023. The forecasted results are largely due to higher uranium prices boosting joint venture profits, while a tougher tax regime in Kazakhstan is expected to raise tax expenses. Investors are cautioned to exercise care when trading company shares as these figures are based on preliminary assessments and are subject to change upon audit.
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