JiaXing Gas Group Forecasts Sharp Profit Decline
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JiaXing Gas Group Forecasts Sharp Profit Decline

JiaXing Gas Group Co. Ltd. Class H (HK:9908) has released an update.

JiaXing Gas Group Co., Ltd. has issued a profit warning indicating a significant decrease in profit for the first half of 2024, with expected reductions of 40%-53% from the previous year. The decline is primarily due to a drop in gross profit from subsidiary Hangjiaxin, as international liquefied natural gas prices fell. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s shares.

For further insights into HK:9908 stock, check out TipRanks’ Stock Analysis page.

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