HK Stock Market Move | APAC RESOURCES (01104) surged over 9%, with expected interim profit attributable to shareholders estimated at approximately HKD 1.3 billion to HKD 1.9 billion.

APAC RESOURCES (01104) rose more than 9%. As of the time of publication, it had increased by 9.33%, trading at HKD 1.64, with a transaction volume of HKD 2.034 million. In the news, APAC RESOURCES recently announced that compared to a shareholder profit attributable to the year ending June 30, 2025 (fiscal year 24/25) of approximately HKD 244 million, the Group expects an estimated range for shareholder profit attributable to the year ending June 30, 2026 (fiscal year 25/26) to be approximately HKD 1.3 billion to HKD 1.9 billion. The announcement stated that the expected increase in shareholder profit attributable in the fiscal year 25/26 is primarily due to several factors. First, the commodity business segment, which incurred a loss of approximately HKD 8 million in the fiscal year 24/25, is expected to contribute a profit in the fiscal year 25/26; second, the resource investment segment is expected to see an increase in profit contribution compared to the segment profit of approximately HKD 343 million in the fiscal year 24/25; third, there is an expectation of a reversal of the impairment loss on interests in associates and the Group's share of the performance of associates.