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South-South Resources(01229) announced interim results for the six months ended 30 September 2022. During the period, the group achieved revenue of HK$111 million, a year-over-year decrease of 6.17%; a loss attributable to shareholders of HK$241 million, a year-over-year increase of 714.25%; Basic loss of 31.53 Hong Kong cents.
The announcement said that the decline in coal mining business revenue was mainly due to the worsening situation of the 2019 novel coronavirus epidemic. Xinjiang has been closed for more than 3 months since August 2022, so it is possible to carry out only limited sales activities of coal mines.
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