E-Commodities Expects Up to HK$1 Billion Decrease in Profit in 2024

MT Newswires Live

2025/03/12

E-Commodities Holdings (HKG:1733) expects a decrease in net profit of about HK$900 million to HK$1.0 billion for 2024, compared with the previous year, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the expected decrease in profit to a weak market. This caused coking coal prices to drop continuously, resulting in reduced gross profit margins.

The company's shares were down almost 7% in the recent trading.

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