Ko Yo Chemical (Group) Limited (HK:0827) has released an update.
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Ko Yo Chemical (Group) Limited has issued a profit warning, anticipating a significantly increased loss of around RMB129.7 million for the first half of 2024, compared to the same period last year. This decline is primarily attributed to a rise in natural gas prices, which negatively impacted the gross profit margins for the company’s products. Shareholders and potential investors are cautioned to be prudent when trading the company’s shares.
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