Lingbao Gold (03330.HK): Positive Profit Forecast, Interim Net Profit Expected to Rise by 42% to 57%

NewTimeSpace News: On 13 July 2026, Lingbao Gold (03330.HK) issued a positive profit forecast. It expects revenue of roughly RMB 7.9 billion to RMB 8.1 billion during the reporting period, up about 1% to 4% year on year; net profit will stand at approximately RMB 950 million to RMB 1.05 billion, growing by around 42% to 57% year on year.

According to the announcement, the performance growth is mainly attributable to the year-on-year rise in gold prices and the implementation of cost reduction and efficiency improvement measures. In addition, the Group completed the subscription of a 50% plus one share equity interest in St Barbara Mining Pty Ltd (operator of the producing Simberi Gold Mine) in April 2026, and the financial results of the target company have been consolidated into the Group’s financial statements.

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