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The latest update is out from Nan Nan Resources Enterprise Limited ( (HK:1229) ).
Nan Nan Resources Enterprise Limited has announced a positive profit alert, expecting a significant increase in profit from HK$37.70 million in FY2024 to at least HK$80.00 million in FY2025. This growth is attributed to a substantial rise in gross profit from its coal mining business, an exchange gain, and a gain on fair value change of a convertible bond, despite an increase in income tax expenses. The final annual results for FY2025 are yet to be finalized and may differ from the preliminary figures.
More about Nan Nan Resources Enterprise Limited
Nan Nan Resources Enterprise Limited operates in the coal mining industry, focusing on the extraction and sale of coal. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,865,565
Technical Sentiment Signal: Buy
Current Market Cap: HK$222M
See more data about 1229 stock on TipRanks’ Stock Analysis page.