HK Stock Market Move | LINGBAO GOLD (03330) rose more than 5% during the day with an expected year-on-year increase in net profit of approximately 42% to 57% for the first half of the year.

LINGBAO GOLD (03330) rose more than 5% during trading, and as of the time of writing, it was up 3.29% to HK$15.72 with a turnover of HK$2.36 billion. In terms of news, LINGBAO GOLD announced good financial results last night, with the group expecting to record a revenue of approximately RMB 7.9 billion to RMB 8.1 billion and a net profit of approximately RMB 950 million to RMB 1.05 billion for the six months ending June 30, 2026, representing an increase of around 1% to 4% and 42% to 57% respectively compared to the same period last year. The strong profit performance was attributed to stable production operations in the first half of the year, continuous efforts to reduce costs and improve efficiency, as well as the increase in gold prices. The group also completed a subscription transaction for a 50% + 1 equity interest in St Barbara Mining Pty Ltd (the target company) on April 2, 2026. The target company's core asset is the Simberi gold mine in Papua New Guinea.