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.
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