The higher topline was driven by the recent acquisition of 40% stake in MCRE Resources Sdn Bhd (MCRE), which contributed RM63.1 million through the sale of 580 dry metric tonnes (DMT) of rare earth oxide (REO).
Southern Alliance Mining (SAM) (SGX:QNS
) has reported a net loss of RM4.2 million for 1HFY2026 ended January 31, an improvement of 59.2% y-o-y compared against the net loss of RM10.3 million a year ago.
The lower net loss was mainly attributable to the higher revenue achieved in the same period. Revenue for 1HFY2026 grew by 95.4% y-o-y to RM137.3 million.
