Summary by Futu AI
CGN Mining Limited announced that as of June 30, 2024, the unaudited financial results for the six months ended are expected to show that the group's profit before tax is expected to increase by about HKD 70 million to HKD 100 million compared to the same period in 2023. However, the profit for the same period is expected to decrease by HKD 50 million to HKD 80 million. This profit change is mainly due to the positive impact of the rise in natural uranium prices and the negative impact of the tighter tax policy in Kazakhstan leading to increased tax costs. The company emphasized that these figures have not been confirmed or audited by auditors and may require further adjustments. CGN Mining reminds shareholders and potential investors to trade their shares prudently and will announce detailed mid-term performance by the end of August 2024.