We Think Kinetic Development Group (HKG:1277) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved whe

Simply Wall StJun 18 19:23 ET

Kinetic Development Group Anticipates 80% Rise in H1 Net Profit; Shares Jump 8%

Kinetic Development Group (HKG:1277) anticipated an 80% increase in its net profit for the first half of the year compared with the same period in 2023, according to a filing with the Hong Kong bourse

MT NewswiresJun 14 01:14 ET

HK stock variation | Kinetic Dev (01277) surged over 6% at one point, with expected year-on-year net profit growth of over 80% in the first half of the year.

Following positive earnings, Kinetic Dev (01277) saw a brief surge of over 6%, and as of press time, increased by 4.12% at HKD 1.01, with a transaction value of HKD 1.4615 million.

Zhitong FinanceJun 13 21:32 ET

Kinetic Dev (01277.HK) Profits: Expects net profit to increase by no less than 80% year-on-year in the first half of 2024.

On June 13th, Geelong announced that Kinetic Dev (01277.HK) is expected to see a net profit increase of no less than 80% in the unaudited six months ending on June 30th, 2024 ("First Half of 2024") compared to the six months ending on June 30th, 2023. This is mainly due to the group's mining efficiency improvement and the significant increase in coal production in the first half of 2024 compared to the first half of 2023, as the temporary changes in the underground mining environment that occurred in the first half of 2023 no longer affect the group's mining operations.

Gelonghui FinanceJun 13 07:49 ET

Express News | Kinetic Development Group - Expected Result Due to Increase in Coal Production Volume for 1H2024

ReutersJun 13 07:46 ET

Express News | Kinetic Development Sees Unaudited Net Profit for Six Months to Increase by Not Less Than 80%

ReutersJun 13 07:46 ET