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Xin Yuan Enterprises Group Ltd. ( (HK:1748) ) has provided an announcement.
Xin Yuan Enterprises Group Ltd. has announced a positive profit alert, expecting a net profit increase of over 70% for the year ended December 31, 2024, compared to the previous year. This growth is attributed to improved market conditions in the asphalt tanker chartering segment and revenue from the disposal of XYMG Noble. However, trading of the company’s shares remains suspended pending further announcements.
More about Xin Yuan Enterprises Group Ltd.
Xin Yuan Enterprises Group Ltd. operates in the maritime industry, focusing on asphalt tanker chartering services. The company is incorporated in the Cayman Islands and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 9.32%
Average Trading Volume: 80,967
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$774.4M
Find detailed analytics on 1748 stock on TipRanks’ Stock Analysis page.