AMMN — Net profit grew 291% yoy in 1H24

AMMN — Net profit grew 291% yoy in 1H24 Amman Mineral International (AMMN) reported a significant production and financial performance increase in 1H24. AMMN achieved its highest production levels in seven years, producing 236 mn pounds of copper and 949,895 ounces of gold. Furthermore, sales volumes of copper and gold grew 76% yoy and 189% yoy, respectively. This surge in production led to a 291% yoy rise in net profit to USD479 mn, largely attributed to the processing of high-grade ore rich in gold. (Source : Bisnis Indonesia)