Stock Track | Flat Glass Group Shares Plummet Despite Narrower Q3 Loss

Stock Track

2024/10/29

Shares of Flat Glass Group (HKG:6865, SHA:601865) plummeted by 7.13% on Monday, despite the company reporting a narrower net loss for the third quarter of 2024.

According to the company's financial results released on Tuesday, Flat Glass Group recorded a net loss attributable to equity owners of 203.0 million yuan for the three months ended September 30, 2024. While still a significant loss, this figure represents a 122.97% improvement compared to the corresponding period last year.

However, the glass producer's revenue for the third quarter fell by a substantial 37.03% year-over-year to 3.91 billion yuan, which may have weighed on investor sentiment. The company's stock closed at HK$14.80 on Tuesday, down 5.73% from the previous day's close.

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While still a significant loss, this figure represents a 122.97% improvement compared to the corresponding period last year.</p>\n\n<p>However, the glass producer's revenue for the third quarter fell by a substantial 37.03% year-over-year to 3.91 billion yuan, which may have weighed on investor sentiment. The company's stock closed at HK$14.80 on Tuesday, down 5.73% from the previous day's close.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06865","symbol_name":"福莱特玻璃","start_time":0,"source_url":"","article_id":"1183555927","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183555927","pubTimestamp":1730206233,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Flat Glass Group  plummeted by 7.13% on Monday, despite the company reporting a narrower net loss for the third quarter of 2024.According to the company's financial results released on Tuesday, Flat Glass Group recorded a net loss attributable to equity owners of 203.0 million yuan for the three months ended September 30, 2024. 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