SOUTH MANGANESE (01091) Releases Interim Results with Shareholders' Profit of HK$173 Million, Achieving Turnaround from Loss to Profit

Stock News
Aug 15

SOUTH MANGANESE (01091) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of HK$2.912 billion, representing a decrease of 49.2% year-on-year. Profit attributable to owners of the company for the period was HK$173 million, compared to a loss of HK$163 million in the same period last year. Basic earnings per share were HK$0.0473. According to the announcement, the decrease in revenue was primarily due to lower sales revenue from trading operations. Due to the recognition of impairment losses of HK$109 million on receivables from Dushan Jinmeng in the first half of 2024, the profit attributable to owners of the company for the first half of 2025 was HK$173 million (first half of 2024: loss of HK$163 million).

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