China XLX Fertiliser Ltd. (HK:1866) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into HK:1866 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue