China Molybdenum's Q1 profit surges, driven by copper, cobalt prices
CMOC Group Limited (HKEX: 3993) announced a strong start to 2025, posting unaudited first-quarter financial results that reflect substantial growth in profitability. Net profit attributable to shareholders reached CNY 3,946,025,081.10, a notable jump from CNY 2,071,690,611.96 in the same period last year. Basic and diluted earnings per share both rose to CNY 0.18, an 80% increase. The surge in profit was attributed to elevated sales prices for the company's copper and cobalt products. Operating revenue for the quarter totaled CNY 46,005,929,071.08. Net cash flow from operating activities was CNY 1,313,844,803.84. As a result of effective operation the Company was included as one of four Chinese metals and mining companies listed in the S&P Global Sustainability Yearbook (China). The company notes increased expenditure in relation to its copper and cobalt business.
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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