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<Alert>CNNC INT'L Expects Annual Revenue to Surge to $1.8B+, Gross Profit to Rise to $200M Min.
Recommend 4 Positive 6 Negative 3 |
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CNNC INT'L (02302.HK) has issued a positive profit alert, anticipating that for the year ended December 31, 2024, its revenue will sharply increase to no less than around $1.8 billion, and its gross profit will rise to no less than around $200 million, compared to revenue and gross profit of around $581 million and $127 million for the same period in 2023. CNNC INT'L attributed the significant increase in revenue primarily to the increase in the sales of uranium products on the back of an overall improving uranium trade market in 2H24. With spot uranium prices demonstrating relative stability in 2H24, the group was able to expand its uranium trading activities while maintaining manageable risk levels, compared to both 1H24 and 2H23, which also facilitated the fulfillment of outstanding uranium product demand from its parent group carried over from the 2023 year under the continuing connected transaction framework. AAStocks Financial News |
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