Home Capital Results

CNMC sees 3Q earnings fall 3.6% to $1.8 mil on lower revenue and higher costs from stop-work order

Michelle Zhu
Michelle Zhu11/7/2016 07:05 PM GMT+08  • 1 min read
CNMC sees 3Q earnings fall 3.6% to $1.8 mil on lower revenue and higher costs from stop-work order
SINGAPORE (Nov 7): CNMC Goldmine has posted earnings of $1.76 million for the quarter, 3.6% lower than $1.83 million a year ago due to lower revenue as well as higher production costs from a stop-work order it received from authorities in Kelantan in July
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 7): CNMC Goldmine has posted earnings of $1.76 million for the quarter, 3.6% lower than $1.83 million a year ago due to lower revenue as well as higher production costs from a stop-work order it received from authorities in Kelantan in July.

(See also: CNMC’s Sokor goldmine ordered to cease works temporarily)

As a result of the production halt, the company’s gold output fell 24.3%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now