China Oriental Logs Operating Profit of 32 Million Yuan in Q1

MT Newswires Live05-29

China Oriental Group (HKG:0581) recorded an operating profit of around 32 million yuan after net finance costs in the first quarter of 2024, a Wednesday filing on the Hong Kong bourse said.

The sales volume of self-manufactured steel products reached roughly 1.9 million tons during the three-month period.

The company did not provide year-ago figures.

Shares of the steel products trader closed nearly 2% lower on Wednesday.

Price (HKD): $1.09, Change: $-0.02, Percent Change: -1.80%

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