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South Manganese Investment Limited ( (HK:1091) ) has provided an announcement.
South Manganese Investment Limited has issued a profit warning, anticipating a significant loss of at least HK$700 million for the year 2024, compared to a profit of HK$64 million in 2023. The expected loss is attributed to impairment losses on financial assets due to guarantee liabilities and trading business losses resulting from an untimely sales strategy adjustment amid decreasing selling prices of manganese ores and chemical products.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda, focusing on the manganese industry. The company is involved in the trading of manganese ores and chemical products, with a significant market presence in Hong Kong.
YTD Price Performance: -22.50%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €140.2M
See more data about 1091 stock on TipRanks’ Stock Analysis page.