HK Stock Market Move | SouthGobi (01878) once rose more than 17%, with a net profit of $20.6 million in the first three quarters, reversing a loss to profit year on year.

SOUTHGOBI (01878) once rose more than 17%, as of the deadline for submission, it rose by 13.28% to HK$3.07, with a turnover of HK$3.3665 million. On the news front, SOUTHGOBI announced its performance for the first three quarters ending in September this year, with a revenue of US$319 million, a year-on-year increase of 31.2%. Net profit was US$20.26 million, compared to a loss of US$23.42 million in the same period last year, turning losses into profits; earnings per share were 0.68 cents.