China Hongqiao Group Ltd. (HK:1378) has released an update.
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China Hongqiao Group Limited anticipates a substantial increase in net profit for the first half of 2024, projecting a 220% rise compared to the same period in 2023. This optimistic forecast is attributed to higher sales volumes and prices of their aluminum products, coupled with reduced costs for major raw materials like coal and anode carbon blocks. Shareholders and potential investors are cautioned to trade prudently as the interim results await publication by August 2024.
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