Taung Gold International Narrows Annual Losses

Taung Gold International Limited (HK:0621) has released an update.

Taung Gold International Limited reports a significant reduction in its annual loss, from HK$52.8 million in 2023 to HK$20.8 million in 2024, alongside a decrease in total comprehensive expense year-on-year. Despite the reduced losses, the company still faces challenges with a loss per share of HK$0.11 in 2024, down from HK$0.25 the previous year. This marks a notable improvement in the company’s financial performance, reflecting tighter control over administrative and operating expenses.

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