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.
For further insights into HK:0827 stock, check out TipRanks’ Stock Analysis page.