South Manganese (01091) rose more than 19% during trading, as of the time of writing, up 19.05% at HKD 0.375, with a turnover of HKD 4.7066 million.
According to the Zhongtong Finance APP, South Manganese (01091) rose more than 19% during trading, as of the time of writing, up 19.05% at HKD 0.375, with a turnover of HKD 4.7066 million.
On the news front, South Manganese released its performance for the six months ended June 30, 2024. The group achieved a profit of HKD 5.733 billion, a decrease of 25.86% year-on-year. The company's owners suffered a loss of HKD 0.163 billion, compared to a profit of HKD 0.135 billion in the same period last year, with a loss per share of HKD 0.0475.
The announcement stated that the decrease in profit was mainly due to the decline in the average selling price of electrolytic metal manganese products and alloy products, a decrease in sales volume of alloy products, and a decrease in sales revenue from trade business.