HK-listed MMG hits over 4-year high on robust H1 earnings

MMG

13/08/2025 04:23

** Shares of mining group MMG Ltd 1208.HK jump 13.7% to HK$4.8, their highest since May 2021,

** Stock rallies for eighth consecutive session; top pct gainer on Hong Kong's material index <.HSCIM>, which is up 1.6%

** The mining group said its H1 net profit after tax jumped over 600% y/y to $566.3 mln, including a profit of $340 mln attributable to equity holders of the company, driven by increased copper production

** Says higher copper, gold, silver, and zinc prices, and reduced unit costs at Las Bambas, driven by higher copper production, aided the strong growth

** MMG said it achieved record first-half results for both EBITDA and EBIT, which are up 98% and 240%, respectively

** Citi keeps "Buy" on the stock, saying 1H25 net profit is in line

** Hang Seng Commerce & Industry Index .HSNC rises 1.8%, benchmark Hang Seng Index .HSI gains 1.5%

** YTD, stock up 80.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))