The company said in a statement filed with the Hong Kong Stock Exchange that revenue in the Jan.-Jun period climbed 83% to hit HK$9.49 billion, compared with HK$5.18 billion. Earnings per share increased to HK$0.984 from HK$0.283.

China’s energy and base metals producer CITIC Resources Holdings Ltd<1205> announced on Monday its net profit jumped almost fourfold in the first half-year ended on June 30 to HK$520.1 million from HK$138.3 million a year earlier, fueled by increased oil output and record high of metal prices.

The company is also involved in exploration of crude oil, which is mainly generated from its Indonesian offshore oil fields and a Kazakhstan oil field bought from its parent last year.

Besides, the company operates an aluminum smelter in Australia and produces manganese in Guangxi and African country Gabon.

In July, CITIC Resources increased its holdings in Australia-based coal mining company Macarthur Cola Ltd to 20.39%, becoming the latter’s biggest shareholder.

Singaporean state-owned investment company Temasek holds an 11.23% stake in CITIC Resources.

Find More Other News : Coal, Company, Energy, Exploration, Mineral Exploration, Mining Finance, Mining Investment