BRIEF: Lingbao Gold profit more than doubles
Gold miner Lingbao Gold Group Co. Ltd. (0330.HK) on Thursday said its 2025 net profit more than doubled last year to between 1.5 billion yuan ($215 million) and 1.57 billion yuan, up 115% to 125% from 2024. The company expects to report its revenue climbed 9% to 11% last year to between 12.9 billion yuan and 13.17 billion yuan.
The big profit growth came from rising gold prices, as the company also credited improvements to its production workflows and enhancements to its operational scheduling that led to increased gold output. The company also credited cost-cutting and operational efficiency measures that boosted its performance.
Shares of Lingbao opened up 0.05% at HK$18.93 on Friday. The stock has doubled over last six months.
By Lau Chi Hang
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
RELATED ARTICLES
-
Zijin Gold offers new glitter for global gold investors
-
Gold’s bull market lifts Zhaojin to more shiny earnings
1818.HK
-
Chifeng Gold chases new glitter in rare earths
6693.HK600988.SHG
-
Investor gold rush burnishes profits at Zhaojin Mining
1818.HK
- Trendy jewelry maker CHJ joins Hong Kong IPO ‘gold rush’
-
BRIEF: Shandong Gold’s profit doubles on high gold prices
1787.HK600547.SHG
-
BRIEF: Shandong Gold profit doubles on surging gold prices
1787.HK600547.SHG
