China Hanking Holdings Limited provided profit guidance for six months ended June 30, 2013. For the period, the company expects to record a decrease of about 50% in the profit as compared to the profit for the six months ended June 30, 2012, which was mainly due to the preliminary expenses recorded in respect of the acquisition of the Indonesian Nickel Ore Project and the Australian Gold Mine Project (the 'Acquisitions') carried out by the company in the first half of 2013, the decrease in selling price of iron concentrates as well as a one-off non-cash expense. Of the total, the impact of the Acquisitions accounts for approximately 40% of the decrease in profits, the decrease in selling price of iron concentrates of approximately 30% and the one-off expense attributable to the share award granted by the controlling shareholders to the management of approximately 10%.
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5-day change | 1st Jan Change | ||
0.9 HKD | +2.27% |
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-4.26% | +12.50% |
Jul. 05 | China Hanking Unit to Sell Australian Gold Exploration Wing | MT |
May. 23 | China Hanking Holdings Limited Announces Board and Committee Appointments | CI |
1st Jan change | Capi. | |
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+12.50% | 221M | |
-7.44% | 38.63B | |
+20.93% | 25.22B | |
-21.52% | 21.53B | |
+6.87% | 20.39B | |
+9.42% | 20.3B | |
+7.25% | 9.45B | |
-19.22% | 8.84B | |
-.--% | 7.83B | |
-20.81% | 7.69B |
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- China Hanking Holdings Limited Provides Profit Guidance for Six Months Ended June 30, 2013