China Resources Cement Holdings (HK:1313) has released an update.
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China Resources Cement Holdings warns of a significant profit drop, expecting a decrease of 47% to 57% for the nine months ended September 2024 compared to the same period in 2023. The slump is mainly due to lower selling prices for cement and concrete. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1313 stock, check out TipRanks’ Stock Analysis page.