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AIAENG: Sales and profits declined year-over-year amid cyclical headwinds, but margins remain strong

AIAENG: Sales and profits declined year-over-year amid cyclical headwinds, but margins remain strong

Aia Engineering LimitedOctober 30, 20245
AIAENG: Sales and profits declined year-over-year amid cyclical headwinds, but margins remain strong

About this update from Aia Engineering Limited

Quarterly sales and profits were flat sequentially but down year-over-year due to lower mining customer offtake, destocking, and supply chain issues. Management expects full-year volumes to be 10% lower, but margins remain robust and expansion plans continue. Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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