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Nan Nan Res reported a happy profit, with an expected annual after-tax surplus of no less than 36 million Hong Kong dollars, turning losses into profits compared with the previous year.
Nan Nan Res (01229) announced that the group expects to convert the loss after tax of approximately HKD 59.04 million for the fiscal year ending on March 31, 2023 into an after-tax profit of not less than HKD 36 million for the fiscal year ending on March 31, 2024. The group's profit for the fiscal year 2024 is mainly due to a fair value gain of about HKD 62.79 million from zero-coupon convertible bonds with a principal amount of HKD 200 million issued by the company in 2008 and maturing on March 13, 2026.
Nan Nan Res (01229) announced a profit, with an expected annual profit after tax of no less than 36 million Hong Kong dollars, turning losses into gains year-on-year.
Nan Nan Res (01229) has announced that the group is expected to acquire the mining rights for a lead-zinc mine in Inner Mongolia, China for a consideration of RMB 105 million. The mine is expected to have a production capacity of 300,000 tonnes per year and will help to improve the group's production capacity and profitability. The acquisition is expected to be completed by March 31, 2023.
Express News | Nan Nan Resources Enterprise - Expected Result on Gain on Fair Value of Zero-Coupon Convertible Bond Issued by Co, Others
Express News | Nan Nan Resources Enterprise Sees HK$36.00 Mln in Profit After Taxation for Year
Express News | Nan Nan Resources Enterprise FY Revenue HKD 116.07 Million
NAN NAN RES: POSITIVE PROFIT ALERT
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Market Sniper : Are you involved?
NikkiiOP Market Sniper: I don't dare. I'm afraid of being cut.![undefined undefined](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
九块八 : This is so scary.
NikkiiOP 九块八: Really good guy, come straight to one 10 times.
Market Sniper : It seems that we will continue to stir-fry tomorrow.
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