Summary by Futu AI
mongol mining (Mongolian Mining Corporation, 'MMC') announced its interim financial report on June 30, 2024, reporting revenue of 541.1 million US dollars during the reporting period, an increase from 516.7 million US dollars in the same period last year. The increase in revenue is mainly derived from the sales of coal products, with sales of hard coking coal amounting to 437.9 million US dollars, sales of medium-volatile coking coal amounting to 69.5 million US dollars, and sales of semi-soft coking coal amounting to 30.1 million US dollars. The profit for the period is 132.9 million US dollars, slightly lower than the 136.5 million US dollars in the same period last year. The gross profit is 223.8 million US dollars, similar to the same period last year. Net financial costs are 19.4 million US dollars, a decrease from 25.7 million US dollars in the same period last year. Income tax expense is 52.3 million US dollars, compared to 54.1 million US dollars in the same period last year. As of June 30, 2024, the company has not declared an interim dividend.
