APAC Resources (HK:1104) has released an update.
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APAC Resources Limited anticipates a significant financial turnaround, projecting a profit of no less than HK$320 million for FY2024, a stark contrast to the HK$318 million loss in FY2023. This projected profit is credited to the improved performance of its resource investment and commodity business segments and a better outcome from its principal associate, Mount Gibson Iron Limited. Investors are urged to exercise caution when trading the company’s shares.
For further insights into HK:1104 stock, check out TipRanks’ Stock Analysis page.