NEWTON RES issues profit warning, expects mid-term net loss of approximately USD 500,000
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NEWTON RES issued a profit warning, expecting a net loss of approximately USD 500,000 for the six months ending June 30, 2025, a significant decrease from the net profit of USD 1.4 million in the same period of 2024. The decline in performance is mainly due to a decrease in gross profit, attributed to reduced iron ore supply from major suppliers and weak demand for iron ore from the group, resulting in a substantial decline in unit gross profit
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