Newton Resources (HKG:1231) expects a net loss of about $500,000 for the six months ended June 30, 2025, compared with a net profit of about $1.4 million in the same period last year, according to an Aug. 8 Hong Kong bourse filing.
The expected decline was primarily due to reduced gross profit, caused by lower iron ore supply from a key supplier that led to decreased sales.
The full interim results are expected to be published in August.
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