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IRC ( (HK:1029) ) has provided an announcement.
IRC Limited has issued a profit warning, indicating a significant increase in losses for the first half of 2025, primarily due to a potential asset impairment loss for the K&S mine. This anticipated loss, ranging from US$90 million to US$110 million, is attributed to the appreciation of the Russian Rouble, which has increased operating costs in US dollar terms. The impairment charge is non-cash and non-recurring, thus not directly impacting the company’s cash flows. Stakeholders are advised to exercise caution when dealing with the company’s shares.
The most recent analyst rating on (HK:1029) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on IRC stock, see the HK:1029 Stock Forecast page.
More about IRC
IRC Limited is a company incorporated in Hong Kong, operating in the mining industry. The company, along with its subsidiaries, focuses on mining operations, with a particular emphasis on the K&S mine.
Average Trading Volume: 346,546
Technical Sentiment Signal: Sell
Current Market Cap: HK$945.7M
See more data about 1029 stock on TipRanks’ Stock Analysis page.