China Hanking Foresees 200% Profit Surge

China Hanking Holdings Ltd. (HK:3788) has released an update.

China Hanking Holdings Limited has issued a positive profit alert, anticipating a significant 200% increase in profit for the first half of 2024 compared to the same period in 2023, largely due to a 32% rise in iron ore concentrate sales volume and higher gross profit per metric ton. The preliminary assessment is based on unaudited accounts and may be subject to adjustments, with the interim results announcement expected in late August 2024. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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