SouthGobi Resources (TSE:SGQ) has released an update.
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SouthGobi Resources reports a significant financial turnaround with an anticipated net profit of up to US$1 million for 2023, contrasting sharply with the previous year’s net loss of US$30 million. This positive shift is credited to increased coal sales and higher average selling prices. The company advises shareholders and potential investors to trade cautiously, as the final audited financial results will be published soon.
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