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IRC ( (HK:1029) ) has issued an update.
IRC Limited reported a 27% increase in sales volume for the first half of 2025, driven by improved ore quality and production efficiency at its Sutara mine. Despite these operational gains, the company faced a net loss of US$102 million due to a significant non-cash impairment charge and challenging market conditions, including declining iron ore prices and a stronger Rouble. The company remains optimistic about its core business fundamentals and is focused on operational efficiencies and financial flexibility to navigate the complex market environment.
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 iron ore mining industry. The company focuses on the extraction and sale of iron ore, with a particular emphasis on improving production efficiency and ore quality at its Sutara mine site.
Average Trading Volume: 357,205
Technical Sentiment Signal: Sell
Current Market Cap: HK$843.4M
See more data about 1029 stock on TipRanks’ Stock Analysis page.