New Mining Resources (01231) announced interim results. Shareholders' losses of 998,000 US dollars increased by 185.14% year on year

According to the Zhitong Finance App, New Mining Resources (01231) announced interim results for the six months ended June 30, 2026. The group obtained revenue of 20.81 million US dollars, a year-on-year decrease of 80.85%; the loss due to company holders was 998,000 US dollars, an increase of 185.14% over the previous year; and a loss of 0.02 US cents per share.

During the reporting period, the Group faced a challenging operating environment, including a decline in the quantity and quality of iron ore supplied by major suppliers, and weakening downstream steel demand, which together led to a decline in iron ore sales and unit gross profit. Revenue fell from about US$108.7 million in the same period last year to about US$20.8 million, while gross profit fell from about US$2.2 million in the same period last year to about US$200,000.