HK Stock Market Move | MMG (01208) opened over 5% higher, with net profit for the first half of the year increasing by 164% year-on-year, reaching a record level.

MMG (01208) opened more than 5% higher, and as of the time of writing, it has risen by 5.62%, priced at HKD 9.49, with a trading volume of HKD 33.0432 million. In terms of news, MMG announced its mid-year results for 2026, reporting a revenue of USD 4.54 billion for the first half of this year, a year-on-year increase of 61%; net profit after tax of USD 1.366 billion, up 141%; and profit attributable to equity holders of USD 897 million, a 164% increase, all of which are record highs for the first half of the year. During the period, copper production reached 266,650 tons, the highest level for the first half since 2018. Las Bambas performed strongly in the first half, with copper concentrate production reaching 210,195 tons. Revenue grew by 65% to USD 3.3 billion. MMG maintains its production guidance for 2026, with copper production expected to be between 493,000 tons and 528,000 tons, and zinc production between 215,000 tons and 235,000 tons.