Brief: Southgobi Resources Posts Sales Volume Of 1.1 Million Tonnes For Q1

SouthGobi Resources

14/05/2024 13:29

May 14 (Reuters) - SouthGobi Resources Ltd  SGQ.V :
    * SALES VOLUME OF 1.1 MILLION TONNES FOR Q1
    * RECORDED AN AVERAGE REALISED SELLING PRICE OF $79.5 PER
TONNE IN
Q1
    * PROFIT FROM OPERATIONS FOR Q1 $32.1 MILLION VERSUS $27.9
MILLION
    * FOCUSED ON EXPANDING CATEGORIES OF COAL PRODUCTS IN ITS
PORTFOLIO
    * WILL FOCUS ON EXPANDING ITS MARKET REACH AND CUSTOMER BASE
IN
CHINA
    * IN 2024, WILL CONTINUE TO RAMP UP MINING OPERATIONS AND
PRODUCTION CAPACITY
    * REMAINS CAUTIOUSLY OPTIMISTIC REGARDING CHINESE COAL
MARKET
    * QTRLY REVENUE $82.2 MILLION VERSUS $61.8 MILLION

Further company coverage:  SGQ.V 

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