"Profit Alert" CHINAVTM MINING forecasts a turnaround, with net profit for the half-year not exceeding 1.5 million RMB

CHINAVTM MINING (00893.HK) issued a profit warning, expecting a net profit of no more than RMB 1.5 million for the six months ending in June, compared to a loss of RMB 200,000 in the same period last year. The improvement in financial performance is mainly attributed to an increase in guarantee fee income and the termination of the recognition of certain payables, which led to an increase in other income; no losses from the sale of fixed assets or certain non-recurring expenses were recorded; and financial costs decreased