South Manganese Investment Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021
August 12, 2021 at 07:01 am EDT
South Manganese Investment Limited provided earnings guidance for the six months ended June 30, 2021. For the period, the company expects to record a profit attributable to owners of the parent of not less than HKD 20.0 million for the Period, representing a turnaround from a loss attributable to owners of the parent of HKD 8.1 million. The improvement in the performance of the Group's profit attributable to owners of the parent primarily due to the following reasons; Due to the recovery of the economy in the PRC from the COVID-19 pandemic, the unit
selling price of the Group's major products, including electrolytic metal manganese and manganese briquettes, electrolytic manganese dioxide and silicomanganese alloy in the Period has been increased; and During the Period, the Group continued to strengthen corporate management and strived to reduce costs and increase efficiency.