FilingReader Intelligence
SouthGobi Resources expects major loss despite revenue jump
August 11, 2025 at 11:10 AM UTC•By FilingReader AI
SouthGobi Resources expects revenue of $250.3m-$306.0m for the six months ended June 30, 2025, up from $175.0m previously, driven by increased sales volume.
However, the company anticipates a net loss of $44.1m-$53.9m, compared to a $10.2m profit in 2024, due to lower selling prices, higher-cost processed coal, and a $12.3m impairment loss on coal stockpiles.
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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HKEX:1878•Hong Kong Exchange
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