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An update from China Pipe Group Limited ( (HK:0380) ) is now available.
China Pipe Group Limited has announced a positive profit alert, indicating a significant increase in profit attributable to equity holders for the year ended December 31, 2024, expected to be between HK$84 million and HK$89 million, compared to HK$58.4 million the previous year. This anticipated growth is attributed to increased revenue, improved product mix, and more cost-effective procurement practices, although the final results are yet to be audited and will be released in March 2025.
More about China Pipe Group Limited
China Pipe Group Limited operates in the manufacturing and distribution industry, focusing on providing pipe products and related services. The company serves various sectors, including construction and infrastructure, with a market focus on enhancing its product mix and procurement practices.
YTD Price Performance: 10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €15.13M
For a thorough assessment of 0380 stock, go to TipRanks’ Stock Analysis page.