Ganfeng Lithium's Q3 Profit Falls 25%

MT Newswires Live

2024/11/01

Ganfeng Lithium Group (HKG:1772, SHE:002460) reported a net profit attributable to shareholders of 120 million yuan for the third quarter, a 25% decrease compared with the year-ago period.

Earnings per share were 0.06 yuan, down 25% year over year, according to a Wednesday filing with the Hong Kong bourse.

Operating income for the quarter was 4.34 billion yuan, down 42.5% from a year earlier.

The lithium battery producer's shares were up by almost 5% in recent trading.

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