IRC (HK:1029) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
IRC Limited experienced a slight increase in iron ore production and sales in Q3 2024 compared to the previous quarter, amid a challenging market environment with lower iron ore prices. The company has started utilizing the Sutara deposit, contributing to a modest production uplift despite earlier quality issues. Despite these efforts, IRC’s cash balance decreased due to lower profitability and increased operating costs.
For further insights into HK:1029 stock, check out TipRanks’ Stock Analysis page.