NEWTON RESOURCES LTD (01231.HK): Expected H1 Net Loss of Approximately US$1.1 Million

NewTimeSpace · 2026/08/11 19:15 · By Jiayi Sun

NewTimeSpace News: NEWTON RESOURCES LTD announced on 11 August that the Group expects to record a net loss of approximately US$1.1 million for the six-month period ending 30 June 2026, compared with a net loss of about US$0.4 million in the corresponding period of last year, representing a year-on-year widening of losses.

NewTimeSpace News: On 11 August 2026, NEWTON RESOURCES LTD (01231.HK) issued a profit warning. Based on preliminary review of the unaudited consolidated management accounts, the Group expects to record a net loss of approximately US$1.1 million for the current period, as against a net loss of roughly US$0.4 million in the same period last year.

According to the announcement, the deteriorated performance is mainly attributable to reduced supply and relatively lower quality of iron ore from major suppliers during the period, which dragged down sales. Meanwhile, customer demand for the Group’s lower-grade iron ore remained weak. The Group prioritised mitigating inventory risks and accelerating sales, resulting in a decline in gross profit margin.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

NEWTON RESOURCES LTD 01231.HK