Shengda Resources sees nine-month net profit rising 104.6% to 117.0% year on year
China's Shengda Resources expects net profit for the first nine months to climb 104.6% to 117.0% from a year earlier, Reuters reported.
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what happened
Shengda Resources Co Ltd expects its net profit for the first nine months to rise between 104.6% and 117.0% compared with the same period last year, according to Reuters.
The notice does not give absolute profit or revenue figures, so the size of the change cannot be assessed from this report alone.
why it matters
The item concerns a single small company and has no direct effect on broad markets. Investors following Shengda Resources shares may factor this forecast into their view of the company's results for the year.
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- Shengda Resources Sees 9-Month Net Profit Up 104.6%-117.0% Y/Y — Reuters, 19 October 2026 at 09:39 UTC
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