Lao Pu Gold Tumbles 12.97% on Earnings Preview; H1 Profit Surges 83-85%

According to SmartFinance, Lao Pu Gold (06181) opened sharply lower today, falling 12.97% to HK$345 per share with turnover of HK$29.325 million. The company released a positive earnings preview, forecasting H1 revenue of HK$22.7–23.35 billion (up 60–65% year-over-year) and net profit of HK$4.31–4.36 billion (up 83–85% year-over-year).

Based on Q1 preliminary data, calculations suggest Q2 revenue was HK$2.3–3.95 billion and net profit HK$510–760 million, representing a sharp sequential decline.