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An update from China Resources Cement Holdings ( (HK:1313) ) is now available.
China Resources Cement Holdings has issued a profit warning, announcing an expected decrease in profits by approximately 62% to 72% for the year ended December 31, 2024, compared to the previous year. This decline is attributed to lower gross margins in non-cement and concrete businesses, the absence of a one-off gain from the disposal of subsidiaries in 2023, and impairment losses recognized in 2024, which could impact investor sentiment and require cautious trading of its shares.
More about China Resources Cement Holdings
China Resources Cement Holdings is a company engaged in the building materials industry, focusing primarily on cement and concrete products. It operates through various subsidiaries and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -8.10%
Average Trading Volume: 5,750
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.48B
See more insights into 1313 stock on TipRanks’ Stock Analysis page.
