MONGOLIA ENERGY expects its total revenue in the medium term to decrease significantly to no more than HKD 900 million
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MONGOLIA ENERGY expects its total mid-term revenue to significantly decrease to no more than HKD 900 million by September 30, 2025, a substantial decline from HKD 1.699 billion in the same period of 2024. The decrease in revenue is mainly due to the global economic recession and the slowdown of the Chinese steel market, leading to weak demand for coking coal in China and falling prices, which is expected to also impact gross profit
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