Jin Mo + Luoyang Molybdenum Industry's First Half-Year Profit Soars
Jul 23, 2024
Jin Mo Shares 2024 First Half-Year Performance Increase
On July 13, Jin Mo Company released the 2024 semi-annual performance announcement. During the announcement period, the company achieved a total operating revenue of 65.93 billion yuan, an increase of 19.66% compared to the same period last year; the total profit was 19.96 billion yuan, an increase of 1.94%; and the net profit attributable to the shareholders of the listed company was 15.02 billion yuan, an increase of 0.59%. The basic earnings per share were 0.465.
Luoyang Molybdenum: Expected Significant Increase in First Half-Year Net Profit
On the evening of July 12, Luoyang Molybdenum announced that the net profit for the first half of the year is expected to be between 51.89 billion yuan and 57.35 billion yuan, a year-on-year increase of 638%-716%. The main reason for the significant increase in the company's performance in the first half of 2024 compared to the same period last year is the significant increase in the production and sales volume of the main products such as copper and cobalt, the obvious effect of cost optimization and technical improvement measures, and the strong market price of copper in 2024, which has brought about an improvement in performance.
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