HK Stock Market Move | CITIC RESOURCES(01205) rose over 17% in the morning, with the expected mid-term comprehensive profit attributable to shareholders increasing by about 57% to 112% year-on-year.

CITIC RESOURCES (01205) rose more than 17% in the morning, rising 14.89% to HK$0.54 as of the time of writing, with a turnover of HK$523 million. On the news front, CITIC RESOURCES recently announced that the group is expected to achieve a shareholders' share of unaudited comprehensive profit of approximately HK$238 million to HK$322 million for the six months ending June 30, 2026 (the relevant period), an increase of about 57% to 112% compared to the same period last year, when shareholders' share of unaudited comprehensive profit was approximately HK$152 million. The expected increase in shareholders' share of unaudited comprehensive profit for the relevant period is mainly due to a significant increase in the average selling price of crude oil sold by the group in the first five months of 2026 compared to the same period last year.