Mongolia Energy Reports Remarkable Yearly Turnaround

Mongolia Energy (HK:0276) has released an update.

Mongolia Energy Corporation Limited reported a significant turnaround with a profit of HK$1,677,921 for the year ended 31 March 2024, compared to a loss of HK$1,603,099 in the previous year. This remarkable recovery is reflected in the earnings per share increase from a loss of HK$8.52 to a profit of HK$8.92. The company’s total comprehensive income for the year also saw a positive shift, standing at HK$1,651,593.

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