HK Stock Market Move | NORTH MINING (00433) rose by over 18% after the announcement of profits, expected to resume mining operations within the year, and forecasted to return to profitability for the full year with a profit of 2.3 billion yuan.

NORTH MINING (00433) rose more than 18% after announcing a profit. As of the time of writing, it has increased by 10.53% to HK$0.084, with a turnover of HK$51.1 million. On the news front, NORTH MINING announced that it is expected to record an unaudited net profit attributable to shareholders of approximately HK$229 million and a surplus of about HK$360 million for the fiscal year 2025. In comparison, the company reported losses of HK$68.49 million and HK$249 million for the same period in 2024. This turnaround is mainly due to the group's full resumption of mining operations during the year, leading to significant improvements in production capacity and operational efficiency. The stable resumption of mining operations has had a significant positive impact on the overall performance of the group.