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The latest update is out from IBC Advanced Alloys ( (TSE:IB) ).
IBC Advanced Alloys Corp. reported a significant decline in sales and profitability for the six months ended December 31, 2024, primarily due to the absence of large, non-recurring orders from the previous year and a decrease in market demand. The Copper Alloys division experienced a 29.4% drop in sales, resulting in an operating loss and a consolidated net loss of $2.6 million, highlighting challenges in maintaining its market position.
More about IBC Advanced Alloys
IBC Advanced Alloys Corp. operates in the advanced materials industry, focusing on the production and distribution of copper alloys. The company is known for its Copper Alloys division, which serves various market demands.
YTD Price Performance: 2.41%
Average Trading Volume: 38,342
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.64M
Learn more about IB stock on TipRanks’ Stock Analysis page.