Summary by Futu AI
IRC (Irtysh River Company) announced its operating data for the second quarter ending June 30, 2024 on August 9, 2024, indicating a decrease in production and sales due to problems with ore and mining. Production in the second quarter increased by 13.2% compared to the previous quarter, but decreased by 13.5% compared to the same period in 2023. Sales also increased by 12.6% from the previous quarter, but decreased by 18.6% compared to the first half of 2023. The company's cash balance decreased to $39.4 million and net debt increased to $23.9 million, mainly due to delays in receipt of funds from bank transfers. The company has reached an agreement with MIC Invest Limited Liability Company to extend the deadline for installment repayment of the loan principal to August 15, 2024. In addition...Show More