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cnnc international ltd (2302) Snapshot

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cnnc international ltd (2302) Details

CNNC International Limited, an investment holding company, explores and trades mineral properties. It operates through two segments, Trading of Mineral Property, and Exploration and Trading of Mineral Properties. The company holds interests in two uranium projects located in Mongolia and the Republic of Niger. The company was formerly known as United Metals Holdings Limited and changed its name to CNNC International Limited in August 2008. The company is headquartered in Wanchai, Hong Kong. CNNC International Limited is a subsidiary of CNNC Overseas Uranium Holding Limited.

12 Employees
Last Reported Date: 09/29/15

cnnc international ltd (2302) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $790.0K
Compensation as of Fiscal Year 2014.

cnnc international ltd (2302) Key Developments

CNNC International Limited Provides Earnings Guidance for the Year Ended December 31, 2015

CNNC International Limited provided earnings guidance for the year ended December 31, 2015. The board of directors of the company wishes to inform the shareholders of the company and potential investors that based on a preliminary review on the unaudited consolidated management account of the Group and information presently available to the board, the group is expected to record a significant increase in loss for the 2015 Year as compared to the loss recorded for the corresponding period in 2014. The group had made full provision of approximately HKD 119,857,000 as disclosed in the Group's Interim Report 2015 for its investment equity of and loan receivables from Somina as the uncertainties on prospects remained.

CNNC International Limited Announces Earnings Guidance for the Year Ending 31 December, 2015

CNNC International Limited announced earnings guidance for the year ending 31 December, 2015. For the period, the revenue of the Group is expected to suffer a significant decline as compared to the corresponding period in 2014. Based on the preliminary review of the currently available unaudited management accounts, unless substantially favourable results could be obtained in the last quarter of 2015, the Group is expected to suffer a significant increase in loss for the 2015 Year as compared to the loss recorded for the corresponding period 2014.

CNNC International Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

CNNC International Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company's loss before taxation was HKD 213.1 million compared with HKD 52.5 million a year ago. Loss for the period was HKD 213.1 million or 43.57 cents per basic share compared with HKD 60.97 million or 12.46 cents per basic share a year ago. The Group recorded a net cash inflow of approximately HKD 84.8 million during the Period, which was mainly due to the receipt of receivables.


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