FilingReader Intelligence

CMOC forecasts 55-72% net profit surge in 2024

January 22, 2025 at 11:45 AM UTCBy FilingReader AI

CMOC Group Limited projects a substantial net profit increase for 2024, ranging from RMB12.8 billion to RMB14.2 billion. This represents a year-on-year surge of 55.15% to 72.12%, compared to 2023. The company attributes this growth to higher copper and cobalt production and sales, coupled with favorable copper prices and successful cost reduction measures. Net profit after deducting non-recurring items is estimated between RMB12.4 billion and RMB13.8 billion, a 98.94% to 121.40% jump from the previous year. These figures are preliminary estimates based on unaudited management accounts and are subject to change. The company will release its audited 2024 annual report later this year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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