CNMC Q3 net profit doubles to US$3.38m
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Singapore
CATALIST-listed CNMC Goldmine Holdings doubled net profit to US$3.38 million for the third quarter ended Sept 30, up from US$1.67 million, as revenue recorded double-digit growth. Revenue was up 59.2 per cent to US$10.05 million due to a significant increase in the production and sales volume of fine gold in Q3 2014. Earnings per share worked out to 0.83 US cent, roughly doubling from 0.41 US cent in the corresponding quarter a year prior.
The group said that production volume of fine gold leapt 61 per cent to 7667.17 ounces in Q3 2014 as it began production in its new facilities, while its three leaching yards saw higher productivity.
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