Revenue in the 1HFY2025 increased 78.0% y-o-y to US$52.8 million, which Chan notes is the “highest in any half-year period since CNMC’s inception”.
SAC Capital analyst Matthias Chan has hiked his target price on CNMC Goldmine Holdings (CNMC) to $1.13 from 45 cents previously following the company’s “stellar” performance in the 1HFY2025 ended June.
CNMC net profit surged 251.4% y-o-y to US$19.4 million ($25.0 million), outperforming FY2024’s full-year net profit of US$12.2 million.
