SouthGobi Resources Swings to Loss in Q1

MT Newswires Live
15 May

SouthGobi Resources (HKG:1878) swung to an attributable loss of $26.2 million in the first quarter from a profit of $12.3 million in the year-ago period, according to a Thursday filing with the Hong Kong bourse.

The coal miner swung to a loss per share of $0.088 from earnings per share of $0.041 in the prior-year period.

Revenue grew to $122.9 million from $82.2 million in the year-ago period.

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