Mongolian coking coal (00975) rose by more than 4% and rose 4.35% at press time to HK$9.59, with a turnover of HK$27.5 million.
The Zhitong Finance App learned that Mongolian coking coal (00975) rose by more than 4% and rose 4.35% at press time to HK$9.59, with a turnover of HK$27.5 million.
According to the news, the company announced its 2023 results, with revenue of about US$1,035 million, up 89.44% year on year; gross profit of about US$442 million, up 364.4% year on year; profit attributable to the company's equity holders was about US$240 million, up 3.05 times year on year; and basic profit per share was 21.95 US cents. According to the announcement, the increase in gross profit was mainly due to an increase in sales volume and average sales price achieved in the reporting year, as well as a decrease in transportation costs and royalties.
The total sales volume in 2023 included about 6.7 million tons of major products and 3.1 million tons of secondary products, while 3.8 million tons of major products and 900,000 tons of secondary products were sold in the same period in 2022. In the reporting year, the Group's average sales price of hard coking coal (excluding VAT applicable to China) was $160.2 per ton, compared to $147.1 per ton in 2022.