Mongolia Energy Corporation Expects Significant Drop in Gross Profit for Interim Period
Mongolia Energy Corporation Limited anticipates a significant drop in gross profit for the six months ending September 30, 2025, with profits not exceeding HK$85 million. The decline is attributed to the low selling price of coking coal affecting the recoverable amount of the Group’s mine and assets. Interim results will be announced on November 26, 2025. Shareholders are advised to exercise caution when dealing with company shares.
Mongolia Energy Corporation Limited (MEC) has provided a further business performance update for the six months ended 30 September 2025. The company expects to record a significant decrease in gross profit, with the figure anticipated to be not more than HK$85.0 million for the financial period, compared to the previous corresponding period. MEC also indicated that the recoverable amount of the Group’s mine and related assets is expected to be negatively impacted due to the prevailing selling price of coking coal. The final determination and review of these figures will be completed before the publication of the interim results, which are expected to be announced on 26 November 2025. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the company. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MEC - Mongolia Energy Corporation Limited published the original content used to generate this news brief on November 14, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
