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Impro Precision Industries Limited ( (HK:1286) ) has shared an update.
Impro Precision Industries Limited announced that the United States will impose a 50% tariff on certain steel and aluminum products, affecting about 60% of the company’s exports to the US. This development poses a significant challenge to the company’s operations, as US sales account for 44.4% of its total revenue, and the tariffs exceed the company’s gross profit margin, potentially leading to a force majeure situation.
More about Impro Precision Industries Limited
Impro Precision Industries Limited is a company incorporated in the Cayman Islands, focusing on the manufacturing and supply of precision components. The company operates in the steel and aluminum industry, providing products that are essential for various industrial applications.
YTD Price Performance: 111.39%
Average Trading Volume: 1,502,064
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.57B
For detailed information about 1286 stock, go to TipRanks’ Stock Analysis page.
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