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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.

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