Brief: SouthGobi Resources Posts FY Net Loss Attributable Of $20.1 Mln

SouthGobi Resources

30/03/2021 12:24

March 30 (Reuters) - SouthGobi Resources Ltd  SGQ.TO :
    * FY NET LOSS ATTRIBUTABLE $20.1 MILLION VERSUS PROFIT $4.2
MILLION
    * FY REVENUE $86.0 MILLION VERSUS $129.7 MILLION
    * REMAINS CAUTIOUSLY OPTIMISTIC REGARDING CHINESE COAL
MARKET
    * COAL SUPPLY AND COAL IMPORT IN CHINA EXPECTED TO BE
LIMITED DUE
TO INCREASINGLY STRINGENT REQUIREMENTS
    * EXPECTS TO CONTINUE TO BE NEGATIVELY IMPACTED BY COVID-19
FOR
FORESEEABLE FUTURE, SEES ADVERSE EFFECT ON SALES, PRODUCTION

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0330/2021033001628.pdf
Further company coverage:  SGQ.TO 

 ((Reuters.Briefs@thomsonreuters.com;))