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Shougang Fushan Resources Sees H1 Profit Doubling

MT Newswires ·  {{timeTz}}

03:12 AM EDT, 07/25/2022 (MT Newswires) -- Shougang Fushan Resources (HKG:0639) expects its attributable profit for the six months through June 30 to more than double to HK$1.5 billion ($191 million) from HK$670 million a year ago, according to a Friday stock filing.

The coking coal miner saw strong demand in the domestic market during the period. The average benchmark market selling prices and sales volume of its clean coking coal products jumped 88% and 13%, respectively.

The company expects to publish first-half results by the end of August.

Shares jumped over 2% in Monday afternoon's trade.

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