China Iron and Titanium (00893) announced that the group expects to make no more profit attributable to the company's owners in 2023...
According to the Zhitong Finance App, China Iron and Titanium (00893) announced that the group expects to obtain no more than RMB 10 million in profits attributable to the owners of the company in 2023, while in 2022 it will be around RMB 1.3 million.
According to the announcement, the improvement in expected performance is mainly due to the increase in high-grade iron concentrate and trade sales in the first half of 2023, driven by factors such as business recovery in China; the Facility Management Division contributed revenue for the full year during the 2023 fiscal year, including higher revenue from the expansion of the scope of services; and guarantee fee revenue for the full year confirmed under the main guarantee agreement.