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01878 SOUTHGOBI
RTNominal unchange3.140 0.000 (0.000%)
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11/08/2011 10:25

SouthGobi (01878) interim turns black to US$20.72m

SouthGobi Resources (01878) said it recorded net
income of US$20.72 million for the six months ended 30 June 2011, as compared to a loss of
US$115 million for the corresponding period of 2010.
The turnaround was primarily due to a US$33.6 million gain on the fair value change of
the embedded derivatives in the CIC convertible debenture.
Its basic income per share were US$0.11.
The revenue was US$67.49 million, expanded by 1.14 times from a year earlier, driven by
both higher sales volumes and higher realized sales prices. (HL)

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