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Mongolia Energy Reports Revenue Growth Amid Losses

Mongolia Energy Reports Revenue Growth Amid Losses

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

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Mongolia Energy Corporation reported a revenue increase to HK$1.7 billion for the six months ending September 2024, up from HK$1.56 billion the previous year. Despite the revenue growth, the company faced a loss of HK$442.9 million, influenced by significant impairment losses and finance costs. The overall comprehensive expense for the period was reduced compared to last year, but the company continues to navigate financial challenges.

For further insights into HK:0276 stock, check out TipRanks’ Stock Analysis page.

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