CNGR Advanced Material Expects H1 Attributable Net Profit Surge

MT Newswires Live

07/14

CNGR Advanced Material (HKG:2579, SHE:300919) expects attributable net profit of 1.25 billion yuan to 1.35 billion yuan for the six months ended June 30, up from 732.8 million yuan a year ago.

The company attributed the expected growth to strong demand for battery materials, higher sales of core products and improved profitability from its upstream nickel assets, according to a Monday filing with the Hong Kong bourse.

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