31
Jan
08:25
Corun's net income turns red in 2023
Shanghai-listed Hunan Corun New Energy saw its net income turn red in 2023 and expects to record a net loss of in the range of CNY 35-70 million ($5-9.85m) for the year, Kallanish learns.
Following the release of its estimate late on 30 January, the company’s share price dropped 7.32% on 31 January.
According to its statement, in the first three quarters of 2023, it still recorded a net profit of CNY 26m. That was, however, nearly 85% lower than in the sa…
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Anonymous
Very good overview of the weekly steel market.
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