China Hanking Sees Soaring Profits and Gold Ambitions
Company Announcements

China Hanking Sees Soaring Profits and Gold Ambitions

China Hanking Holdings Ltd. (HK:3788) has released an update.

China Hanking Holdings Ltd. reported a substantial profit increase of 219.82% for the first half of 2024, boosted by a 30.85% growth in iron ore sales volume and a cost reduction in production. The company announced an interim dividend of HKD0.02 per share and revealed plans to concentrate on its Cygnet Gold Project with the aim to become a gold producer within three years. Despite a 15.06% decrease in revenue, significant improvements in net margin and return on net assets were also highlighted.

For further insights into HK:3788 stock, check out TipRanks’ Stock Analysis page.

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