Summary by Futu AI
Nan Nan Res International Co., Ltd. ("Nan Nan Res") has issued a positive profit warning, anticipating a significant increase in profits for the six months ending on September 30, 2024. Based on a preliminary review of unaudited comprehensive management accounts, the company expects profits to increase from approximately 17.4 million Hong Kong dollars in the same period of 2023 to not less than 30 million Hong Kong dollars. This gain is mainly attributed to an increase in coal sales in the coal business, improvement in exchange gains, a decrease in fair value changes of zero-coupon convertible bonds, and changes in income tax expenses. Chairman and CEO of the board of directors, Guan Wenhui, issued this announcement on November 18, 2024, reminding shareholders and potential investors to exercise caution when trading shares.