FilingReader Intelligence
SouthGobi swings to $14.3m loss despite revenue jump
August 14, 2025 at 10:29 AM UTC•By FilingReader AI
SouthGobi Resources reported a $14.3m operational loss in Q2 2025, reversing from a $15.0m profit the previous year.
Revenue rose to $155.3m from $92.8m on higher sales volumes, but average selling prices fell to $52.6 per tonne from $77.6 per tonne due to market conditions and product mix changes.
A $12.3m impairment loss on coal stockpiles also hit results.
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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