Sunday, Sep 21, 2014Sunday, Sep 21, 2014
 

CNMC Goldmine posts record net profit of $5.5m in Q2

Published on Aug 11, 2014 9:58 AM
 

SINGAPORE - CNMC Goldmine Holdings said on Monday its net profit for the second quarter surged over the same time last year to hit a record US$4.4 million (S$5.5 million).

This was up from earnings of US$26,180 last year, the Catalist-listed gold mining company said.

Revenue more than tripled to US$8.3 million in the three months to June 30 from US$2.2 million a year ago, mainly due to an all-time high production of fine gold.

The results marked the group's fifth straight quarter of profitability, said chief executive officer Chris Lim in a statement.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos