FilingReader Intelligence

South Manganese swings to HK$173m profit despite revenue drop

August 15, 2025 at 12:30 PM UTCBy FilingReader AI

South Manganese Investment Limited reported a profit of HK$172.7 million for the first half of 2025, reversing a loss of HK$162.8 million in the prior year.

This turnaround occurred despite revenue plunging 49.2% to HK$2,912.4 million, primarily due to reduced trading business sales.

Gross profit surged 96.1% to HK$553.1 million, with the gross profit margin expanding to 19.0% from 4.9%. Operating profit reached HK$207.0 million versus an operating loss of HK$10.4 million previously.

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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