Tianqi Lithium Warns of 2024 Loss on Lower Lithium Prices, Impairment Losses
MT Newswires Live01-24
Tianqi Lithium (SHE:002466, HKG:9696) expects to fall into a loss in 2024 due to a drop in lithium prices, impairment losses, lower investment income and higher foreign exchange losses, according to a Friday filing with the Shenzhen bourse.
Attributable net loss in 2024 is expected to range between 7.1 billion yuan and 8.2 billion yuan, or 4.33 yuan per share and 5.00 yuan per share, compared with profit of 7.30 billion yuan, or 4.45 yuan per share, the previous year.
Shares of the lithium producer were down 1% in recent trade.=
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