MMG (HK:1208) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
MMG Limited has reported positive outcomes from the Tax Court in Peru for Minera Las Bambas S.A., with reinstated tax losses totaling US$1,693 million for 2014-2017, significantly reducing future tax liabilities. The court’s decisions have also nullified a US$179 million income tax assessment for 2016 and reduced a US$956 million assessment for 2017 to zero, removing the uncertainty of alleged income tax, interest, and penalties amounting to US$1,135 million. A decision on the 2018 Income Tax Assessment is expected, with the company optimistic about a favorable outcome.
For further insights into HK:1208 stock, check out TipRanks’ Stock Analysis page.