China XLX Fertiliser Ltd. (HK:1866) has released an update.
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China XLX Fertiliser Ltd. reported a substantial 75.8% increase in net profit for the first nine months of 2024, driven by cost reductions and strategic asset disposal. The company improved its financial health by reducing administrative and financial expenses and optimizing debt structure, resulting in a lower gearing ratio. These measures, along with increased production capacity, are aimed at boosting competitiveness in the market.
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