Insight

MDKA: Sales Doubled, Riding the Gold Wave

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Algo Research Team

Company | Oct 02, 2024 | Views: 122

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Key Summary:

  • Sales up 110% YoY, turning to a profit for the quarter
  • Higher volume contribution from MBMA
  • Potential gold price upside in 3Q24

Merdeka Copper Gold (MDKA) reported its 6M24 results with sales up +110% and booked profit from a loss last year. Although the growth was good, it was below market expectations. The result was driven by (1) Higher contribution from Merdeka Battery Materials (MBMA) and (2) Higher gold price. 


The numbers: In 6M24, MDKA recorded USD 1.1 billion in revenue (+110% YoY).

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