On August 28, CGN MINING fell 7.03% in regular trading, trading at HKD 2.91 per share, with turnover of approximately HKD 22.46 million.
On the news front, the company released its interim results on August 27, reporting first-half revenue of approximately HKD 2.025 billion, up 19% year-over-year, while loss attributable to owners widened 18% to approximately HKD 80 million. The loss expansion was primarily driven by lower natural uranium sales volumes and higher unit costs at its joint venture Semizbay and associate Ortalyk, which reduced the group's share of investment income. Sales costs rose 10% to HKD 2.144 billion due to expanded uranium trading scale.
The company had previously issued a voluntary announcement in July flagging that weighted average inventory costs exceeded contract selling prices, warning of adverse gross profit impact. Despite prior market expectations of a weak result, concentrated selling pressure emerged after the figures were confirmed.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)