tiprankstipranks
China XLX Fertiliser Reports Strong Profit Growth
Company Announcements

China XLX Fertiliser Reports Strong Profit Growth

China XLX Fertiliser Ltd. (HK:1866) has released an update.

Don't Miss our Black Friday Offers:

China XLX Fertiliser Ltd. reported a substantial 75.8% increase in net profit for the first nine months of 2024, driven by cost reductions and strategic asset disposal. The company improved its financial health by reducing administrative and financial expenses and optimizing debt structure, resulting in a lower gearing ratio. These measures, along with increased production capacity, are aimed at boosting competitiveness in the market.

For further insights into HK:1866 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App