Shougang Fushan’s Interim Revenues Decline in 2024

Shougang Fushan Resources Group Limited (HK:0639) has released an update.

Shougang Fushan Resources Group Limited reported a decline in its interim financial results for the first half of 2024, with revenue, gross profit, and profit for the period dropping by 27%, 37%, and 35% respectively compared to the previous year. The company’s EBITDA also decreased by 30%, although net assets remained stable with only a slight decrease of 1%. Despite the downturn, the company declared an interim dividend of HK9 cents per ordinary share.

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