tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CNNC International Projects Significant Profit Increase for 2024

Story Highlights
  • CNNC International focuses on uranium trading, benefiting from market improvements.
  • The company expects a significant profit increase for 2024 due to expanded trading activities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CNNC International Projects Significant Profit Increase for 2024

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An announcement from CNNC International Limited ( (HK:2302) ) is now available.

CNNC International Limited has issued a positive profit alert for the fiscal year ending December 31, 2024, expecting significant increases in revenue and gross profit. The improvements are attributed to a stable uranium market and a successful expansion in uranium trading activities, leading to a projected net profit of no less than HK$190 million, up from HK$106 million in 2023.

More about CNNC International Limited

CNNC International Limited is incorporated in the Cayman Islands and operates within the uranium trading industry. The company focuses on the sale of uranium products, benefiting from improving market conditions in uranium trade.

YTD Price Performance: -20.87%

Average Trading Volume: 2,103

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €98.49M

See more data about 2302 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1