Revenue for 1Q grew 70.2% y-o-y to US$10.4 million from US$6.1 million in 1Q18, as CNMC produced and sold 8,023.38 ounces of fine gold over the latest quarter compared to 4,518.5 ounces in the previous year.
SINGAPORE (May 14): CNMC Goldmine Holdings posted earnings of US$1.4 million ($1.9 million) for 1Q19, the group’s highest quarterly profit attributable to shareholders since 3Q16, and nearly triple of its earnings of US$0.5 million a year ago.
The bottomline growth was largely attributed to a rise in gold output as the group’s flagship Sokor project in Kelantan, Malaysia, generated economies of scale.
