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China Oriental Group Co ( (HK:0581) ) has provided an update.
China Oriental Group Co announced its 2024 annual results, revealing a decline in sales volume and revenue for self-manufactured steel products and trading of steel products. However, the company saw significant improvements in gross profit, EBITDA, and net profit, with a notable increase in gross profit per tonne for self-manufactured steel products. The company declared a final and special dividend, reflecting a positive return on equity and an adjusted profit surge, indicating a strong financial recovery and potential growth opportunities.
More about China Oriental Group Co
China Oriental Group Co is a company involved in the manufacturing and trading of steel products, power equipment, and real estate. The company primarily focuses on self-manufactured steel products, trading of steel products, iron ore, and related raw materials.
Technical Sentiment Signal: Sell
Current Market Cap: $655.9M
Find detailed analytics on 0581 stock on TipRanks’ Stock Analysis page.