17 MARCH 2024AlCircle.com
Xingfa Aluminium anticipates strong 2023 profitability
Edited by : Rupankar Majumder
1 min read
Xingfa Aluminium Holdings anticipates an attributable net profit of at least RMB 780 million for the fiscal year ending December 2023.
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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