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An announcement from APAC Resources ( (HK:1104) ) is now available.
APAC Resources Limited, a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the first half of fiscal year 2025. The company anticipates a significant loss of at least HK$300 million, a stark contrast to the HK$593 million profit recorded during the same period in the previous year. The expected loss is attributed to a decrease in the fair value of financial assets and an impairment loss related to its associate, Mount Gibson Iron Limited. Despite these challenges, the company’s cash position and liquidity remain materially unaffected.
More about APAC Resources
YTD Price Performance: 9.17%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $165.5M
See more data about 1104 stock on TipRanks’ Stock Analysis page.
