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Mongolian Mining Corporation Reports 2024 Financial Results with Strategic Subsidiary Changes

Story Highlights
  • Mongolian Mining Corporation’s revenue increased slightly to USD 1,039.9 million in 2024.
  • The company completed strategic changes in its subsidiaries, affecting its operational structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mongolian Mining Corporation Reports 2024 Financial Results with Strategic Subsidiary Changes

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Mongolian Mining ( (HK:0975) ) has provided an update.

Mongolian Mining Corporation reported a slight increase in revenue to USD 1,039.9 million for the year ended December 31, 2024, compared to the previous year. Despite a decrease in adjusted EBITDA, the company’s profit attributable to shareholders rose marginally to USD 242.0 million. The company completed the acquisition of a 50% equity interest in Erdene Mongol LLC, making it a subsidiary, and disposed of a 20% equity interest in Khangad Exploration LLC, which remains a subsidiary. The board did not recommend a dividend payment for the year.

More about Mongolian Mining

Mongolian Mining Corporation (MMC) is a company incorporated in the Cayman Islands, operating in the mining industry. The company focuses on coal mining and its related activities, with a market presence primarily in Mongolia.

YTD Price Performance: -19.38%

Average Trading Volume: 4,008

Technical Sentiment Signal: Buy

Current Market Cap: $760.4M

Find detailed analytics on 0975 stock on TipRanks’ Stock Analysis page.

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