Summary by Futu AI
CGN Mining Limited announced its unaudited interim results for the six months ended June 30, 2024, with revenue increasing by 39% to approximately HK$407.3 million compared to the same period last year, but the attributable profit decreased by 37% to approximately HK$113 million. Basic earnings per share decreased from 2.36 HK cents in the same period last year to 1.49 HK cents. The company declared an interim dividend of 0.3 HK cents per share. During the reporting period, the company's total equity resources amounted to 39,000tU, with an equity production of 624tU. The company stated that the decrease in profit was mainly due to the increase in income tax expenses. In addition, the company announced the appointment of Mr. Wang Xianfeng as an executive director, chairman of the board, and chief executive officer after the reporting period. The company will continue to participate in the production operation management of Xie Company and Ao Company and enhance its market expansion strategy.