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SouthGobi Resources ( (TSE:SGQ) ) has provided an update.
SouthGobi Resources Ltd. has issued a profit warning for the first half of 2025, expecting a significant increase in revenue compared to the same period in 2024 due to higher sales volumes. However, the company anticipates a net loss attributable to equity holders, primarily due to a decrease in average selling prices, a change in product mix with higher production costs, and an impairment loss on coal stockpiles.
More about SouthGobi Resources
SouthGobi Resources Ltd. is a company based in British Columbia, Canada, and is listed on the Hong Kong Stock Exchange and the TSX Venture Exchange. The company is involved in the coal industry, focusing on the production and sale of coal products.
For a thorough assessment of SGQ stock, go to TipRanks’ Stock Analysis page.