Core Viewpoint - Mongolian Coal (00975) has issued a profit warning, expecting a loss of $15 million to $25 million for the first half of the year, a significant decline from a net profit of $133 million in the same period last year, indicating a shift from profit to loss due to falling sales prices of washed coking coal and one-time refinancing costs [1][1][1] Financial Performance - The company anticipates a loss of $15 million to $25 million for the first half of 2025, compared to a net profit of $133 million in the same period of 2024, marking a year-on-year transition from profit to loss [1][1][1] - The decline in profit is primarily attributed to decreased sales prices of washed coking coal, leading to reduced revenue for the first half of 2025 compared to the same period in 2024 [1][1][1] Operational Data - In the second quarter, the company's wholly-owned subsidiary Energy Resources LLC and its controlling subsidiary Khangad Exploration LLC mined a total of 3.4284 million tons of raw coal, representing a year-on-year decrease of 28% and a quarter-on-quarter decrease of 7% [1][1][1] - During the same period, the processing of raw coal reached 3.6057 million tons, with washed coking coal production at 2.1781 million tons, showing a quarter-on-quarter increase of 3% but a year-on-year decrease of 2% [1][1][1] - The total sales of washed coking coal for the second quarter amounted to 1.7397 million tons, reflecting a year-on-year decrease of 25% but a quarter-on-quarter increase of 9% [1][1][1]
蒙古焦煤早盘跌近4% 洗选焦煤销售价格下降 公司预计上半年纯利由盈转亏