Feishang Anthracite Resources (HK:1738) has released an update.
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Feishang Anthracite Resources Limited has issued a profit warning for the first half of 2024, projecting a significant loss due to a substantial decrease in revenue and gross profit. The anticipated losses are largely a result of production issues at two major coal mines, market price declines, and stringent safety and environmental regulations. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.
For further insights into HK:1738 stock, check out TipRanks’ Stock Analysis page.
