Xingye Alloy Materials Group Limited (HK:0505) has released an update.
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Xingye Alloy Materials Group Limited anticipates a 30% increase in profit for the first half of 2024, credited to rising copper prices and sales volumes. The preliminary financial data suggests a positive outlook, although the results are yet unreviewed by auditors with final details to be published by end of August 2024. Shareholders and potential investors are advised to trade with caution.
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