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China Aluminum International Engineering Corporation Limited Class H ( (HK:2068) ) has issued an update.
China Aluminum International Engineering Corporation Limited has issued a positive profit alert, projecting a net profit of RMB170 million to RMB230 million for 2024, marking a significant turnaround from the previous year’s net loss of RMB2,658 million. This expected improvement is attributed to strategic transformations, increased new contracts in key industries, cost control measures, and better management of receivables, which have collectively optimized the company’s operational and financial performance.
More about China Aluminum International Engineering Corporation Limited Class H
China Aluminum International Engineering Corporation Limited operates in the engineering sector, primarily focusing on metallurgy and industrial EPC services. The company has been enhancing its operations through technological advancements and structural optimization, with a strong emphasis on expanding its market presence, particularly in overseas contracts.
YTD Price Performance: -1.82%
Average Trading Volume: 65
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.51B
See more insights into 2068 stock on TipRanks’ Stock Analysis page.
