Kinetic Mines Expects Substantial Profit Jump
Company Announcements

Kinetic Mines Expects Substantial Profit Jump

Kinetic Mines & Energy Ltd. (HK:1277) has released an update.

Kinetic Development Group Limited has notified its shareholders and potential investors of an anticipated surge in net profit of at least 80% for the first half of 2024 compared to the same period in the previous year. The company attributes this significant increase primarily to enhanced coal production volumes and improved mining efficiency, having overcome prior underground mining challenges. Investors are cautioned to trade carefully with this information still pending audit and detailed results to be published by August 2024.

For further insights into HK:1277 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App