CITIC Resources Forecasts Up to 112% Boost in Interim Profit

MT Newswires Live06-15

CITIC Resources (HKG:1205) expects attributable profit of between HK$238 million and HK$322 million for the six months ending June 30, up 57% to 112% from HK$152 million a year prior, according to a Monday Hong Kong bourse filing.

The natural resource company attributed the forecast to a higher average selling price of crude oil.

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