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17 MARCH 2024 AL CIRCLE

Xingfa Aluminium anticipates strong 2023 profitability

EDITED BY : RUPANKAR MAJUMDER 1MINS READ

Xingfa Aluminium Holdings anticipates an attributable net profit of at least RMB 780 million for the fiscal year ending December 2023.

Xingfa Aluminium anticipates strong 2023 profitability

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This projection marks a significant increase from the approximately RMB 457.8 million profit recorded in 2022, as stated in a filing submitted to the Hong Kong Stock Exchange on March 15, 2023.

The optimistic forecast from the aluminium profiles manufacturer is credited to increased sales orders, as well as a reduction in the provision for impairment loss on trade and other receivables, according to the filing.


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EDITED BY : RUPANKAR MAJUMDER 1MINS READ

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