CF Energy (TSE:CFY) has released an update.
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CF Energy Corp. has reported a robust financial performance for Q1 2024, with revenue soaring by 59% to RMB 149.0 million and net profit climbing a remarkable 136% to RMB 9.9 million compared to the same period last year. Despite a significant increase in gross profit, the gross profit margin experienced a decline to 21.9%. Adjusted for non-recurring items, the adjusted net profit saw an extraordinary 581% jump, underscoring the company’s strong earnings momentum.
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