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An update from Newton Resources Ltd. ( (HK:1231) ) is now available.
Newton Resources Ltd. has issued a profit warning, indicating an expected net loss of approximately US$0.5 million for the first half of 2025, compared to a net profit of US$1.4 million in the same period of 2024. This decline is primarily due to a decrease in gross profit, driven by reduced iron ore supply from a key supplier and weak demand for their iron ores, impacting sales and profitability.
More about Newton Resources Ltd.
Average Trading Volume: 115,719
Technical Sentiment Signal: Sell
Current Market Cap: HK$900M
See more data about 1231 stock on TipRanks’ Stock Analysis page.