Dongwu Cement International Ltd. (HK:0695) has released an update.
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Dongwu Cement International Ltd. reports a significant downturn in their mid-year financials for 2024, with revenue dropping by 24.2% and gross profit margin falling into the negative, alongside a doubling of losses attributed to owners compared to the same period in 2023. The company experienced a substantial increase in its half-year loss, which has impacted its overall financial performance. This report indicates a challenging period for the cement producer, reflecting a tough market environment.
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