Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Persistence Resources Group Ltd ( (HK:2489) ) has issued an update.
Persistence Resources Group Ltd has announced a significant increase in net profit for the year ending December 31, 2024, with an expected rise of approximately RMB51 million, marking a 54% increase compared to the previous year. This growth is attributed to higher average selling prices and increased interest income, although it was partially offset by higher administrative and exploration costs. The announcement indicates a positive impact on the company’s financial performance and suggests strengthened market positioning, although the results are subject to further review and adjustments.
More about Persistence Resources Group Ltd
Persistence Resources Group Ltd is a company incorporated in the Cayman Islands, operating in the resources sector. It focuses on the exploration and acquisition of resource assets, including gold mines, and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -3.49%
Average Trading Volume: 570,438
Technical Sentiment Signal: Strong Sell
Learn more about 2489 stock on TipRanks’ Stock Analysis page.