Angang Steel Co (HK:0347) has released an update.
Angang Steel Co anticipates a significant drop in net profits for the first half of 2024 compared to the same period in 2023, advising shareholders and potential investors to trade cautiously. This expected downturn is quantified as a roughly 99% decrease year-over-year, after adjusting for non-recurring profit or loss. The company has also restructured its subsidiary holdings, which contributed to the revised financial outlook.
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