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Feishang Anthracite Faces Drastic Profit Decline

Feishang Anthracite Faces Drastic Profit Decline

Feishang Anthracite Resources (HK:1738) has released an update.

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Feishang Anthracite Resources Limited reported a significant downturn in its financial performance for the first half of 2024, with revenues from continuing operations plummeting by 76% and gross profits dropping by over 99%. The company’s loss attributable to owners widened alarmingly by 537%, reflecting a challenging period for the Group.

For further insights into HK:1738 stock, check out TipRanks’ Stock Analysis page.

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