CITIC Resources Holdings Limited has issued a profit warning, indicating that the Group expects to record an unaudited consolidated profit attributable to shareholders ranging between HK$119 million and HK$184 million for the six months ending June 30, 2025. This represents a decrease of approximately 48% to 66% compared to the HK$265 million recorded in the same period last year. The decline is primarily attributed to a significant drop in average selling prices of commodities, such as crude oil and coal, in the first five months of 2025, and a substantial reduction in the share of profit from an associate following the Group's cessation of equity interest in Alumina Limited since July 18, 2024. The company advises shareholders and potential investors to exercise caution when dealing in its shares, as the financial information is based on preliminary, unaudited assessments and has not been reviewed by the company's auditors or audit committee. The interim results announcement is expected to be released by August 31, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.