Hongcheng Environmental Technology Expects 243% Profit Surge for 2024

MT Newswires Live

03-20

Hongcheng Environmental Technology (HKG:2265) expects an attributable profit of 60 million yuan in 2024, a 243% increase from 17.5 million yuan in 2023.

The gold mine hazardous waste treatment company's revenue is also anticipated to soar 117% year on year to about 233.9 million yuan from 108 million yuan owing to increased sales volume and unit price of pyrite concentrate amid strong demand.

The financial results for the period are set to be published before the end of March, according to a Tuesday filing with the Hong Kong Exchange.

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