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1733 — E-Commodities Holdings News Story

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Hong Kong's E-Commodities H1 net income soars amid coking coal price recovery

Hong Kong's E-Commodities H1 net income soars amid coking coal price recovery


Overview

  • Hong Kong bulk commodities trader's H1 revenue rose 10% yr/yr to HK$13.99 bln

  • Net income attributable to shareholders for H1 jumped 84% yr/yr to HK$250 mln

  • Company declared interim dividend of HK$0.023 per share


Outlook

  • Company did not provide specific financial guidance or outlook commentary in the press release


Result Drivers

  • COKING COAL PRICE RECOVERY – Coal revenue rose 12.39% to HK$10.87 bln, primarily driven by higher unit values as coking coal prices recovered

  • TRADING MARGIN EXPANSION – Higher coking coal prices, seaborne trading gains and disciplined risk management lifted supply-chain trading gross profit

  • ASSOCIATE CONTRIBUTIONS - Share of profits from associates rose to HK$92 mln from a loss of HK$27 mln a year earlier


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$13.99 bln

H1 Net Income Attributable

HK$250 mln


Reuters Recommended Reads

  • Aug 24 - Chinese coal miner Kinetic Development's half-year profit jumps on higher prices

  • Aug 25 - China's Sinofert H1 revenue rises 10.6% on policy support


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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