Newton Resources Ltd. (HK:1231) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Newton Resources Ltd. reports a significant drop in net profit for the six-month period ending June 30, 2024, with net earnings estimated at US$1.4 million, down from US$2.9 million in the same period of the previous year. The decline is primarily due to reduced demand for high-grade iron ores, adversely affecting sales and revenue. Investors are cautioned to exercise prudence when dealing with the company’s shares.
For further insights into HK:1231 stock, check out TipRanks’ Stock Analysis page.
