Nan Nan Resources Enterprise (HKG:1229) expects a minimum profit of HK$30 million for the six months ended Sept. 30, higher than HK$17.4 million logged for the same period last year, a Monday Hong Kong bourse filing said.
The coal mining, renewable energy, and information technology company attributed the expected increase to a rise in sales of coal and a net exchange gain during the period compared with a net exchange loss last year.
The company's shares closed over 1% higher on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.