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Chongqing Iron & Steel to Log Wider Attributable Loss in H1
Chongqing Iron & Steel (HKG:1053) expects to log a wider year on year net loss attributable to the shareholders of around 690.0 million yuan in the first half of 2024, a Wednesday filing with the
Announcement of expected loss in performance for the first half of 2024.
Chongqing Iron & Steel Projects H1 2024 Loss Increase
Chongqing Iron (01053) is expected to incur a net loss of approximately 0.69 billion yuan in the first half of the year.
Jinwu Financial News | Chongqing Iron & Steel Co., Ltd. (01053) announced that the net loss attributable to shareholders of listed companies for the first half year of 2024 is expected to be around RMB 0.69 billion, an increase of about RMB 0.255 billion compared with the same period of the previous year (statutory disclosure data); net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss is approximately RMB 0.691 billion, which will increase the loss by about RMB 0.244 billion over the same period last year (compared with legally disclosed data). The main reason for this period's earnings forecast loss is that in the first half of the year, the domestic steel industry still showed “high production, high cost, high inventory, low demand, low prices, and low prices
Chongqing Iron (01053.HK): Expecting a net loss of approximately 0.69 billion yuan in the first half of the year.
On July 10th, Gelunhui, Chongqing Iron and Steel Co., Ltd. (01053.HK) announced its performance for the first half of 2024, which is expected to be a net loss of approximately RMB 690 million for shareholders of the listed company. Compared with the same period last year (statutory disclosure data), it will increase loss by approximately RMB 255.26 million; the net loss after deducting non-recurring gains and losses attributable to shareholders of the listed company is approximately RMB 691 million, which is expected to increase loss by approximately RMB 244.2 million compared with the same period last year (statutory disclosure data). In the first half of 2024, the domestic steel industry is still exhibiting growth.
CHONGQING IRON: ANNOUNCEMENT ON ESTIMATED LOSS IN THE INTERIM RESULTS OF 2024
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