Tongguan Gold Group Ltd. (HK:0340) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tongguan Gold Group Ltd. announces a significant surge in interim financial results, with an expected 26% increase in revenue to HK$850 million and a 469% rise in net profit to HK$91 million for the first half of 2024. The positive outcome is largely due to enhanced gold sales volume following a recent acquisition and favorable mining yields and selling prices. These preliminary figures are still subject to finalization and audit review.
For further insights into HK:0340 stock, check out TipRanks’ Stock Analysis page.