Yunnan Energy International Co. Limited (HK:1298) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Yunnan Energy International Co. Limited anticipates a significant reduction in its net loss for the first half of 2024, expecting a loss between HK$0.3 million to HK$0.5 million, compared to a loss of HK$5.9 million in the same period last year. This improvement is attributed to increased revenue and gross profit in their supply chain business, spurred by higher demand for certain agricultural commodities and industrial products, and effective cost control measures reducing administrative expenses. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s shares as these figures are based on preliminary assessments and are not yet audited.
For further insights into HK:1298 stock, check out TipRanks’ Stock Analysis page.