Mongolian Mining expects first-half 2026 net profit of up to USD110 million

Earnings
โดย GlobeNewswire·MN·Read original
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Mongolian Mining Corporation expects to report a consolidated net profit of between approximately USD100.0 million and USD110.0 million for the first half of 2026, reversing a net loss of USD19.9 million in the same period last year. The turnaround was driven by higher washed coking coal sales volumes and improved average selling prices, which boosted revenue, along with the commencement of production at the gold mine and other net income. The figures are based on unaudited management accounts and remain subject to adjustment, with final interim results due in August 2026.

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Expects first-half 2026 net profit of up to USD110 million, reversing a year-ago loss, driven by higher sales volumes and prices.