Tiande Chemical Expects 2024 Profit to Decline 70%

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Tiande Chemical Expects 2024 Profit to Decline 70%

MT Newswires Live02-06

Tiande Chemical (HKG:0609) forecasts its 2024 attributable profit to plunge about 70% compared with the year-ago period, according to a Thursday filing with the Hong Kong Exchange.

The foreseen decline at the chemical company is attributable to a lower gross profit and profit margin due to a fall in selling prices, the filing said.

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