CITIC Resources Holdings Issues Profit Warning, Forecasts 48-66% Decrease in Half-Year Earnings

Reuters
06/25
CITIC Resources Holdings Issues Profit Warning, Forecasts 48-66% Decrease in Half-Year Earnings

CITIC Resources Holdings Limited has issued a profit warning, indicating that the Group expects to record an unaudited consolidated profit attributable to shareholders ranging between HK$119 million and HK$184 million for the six months ending June 30, 2025. This represents a decrease of approximately 48% to 66% compared to the HK$265 million recorded in the same period last year. The decline is primarily attributed to a significant drop in average selling prices of commodities, such as crude oil and coal, in the first five months of 2025, and a substantial reduction in the share of profit from an associate following the Group's cessation of equity interest in Alumina Limited since July 18, 2024. The company advises shareholders and potential investors to exercise caution when dealing in its shares, as the financial information is based on preliminary, unaudited assessments and has not been reviewed by the company's auditors or audit committee. The interim results announcement is expected to be released by August 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CITIC Resources Holdings Limited published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.

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