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Pangang Group Vanadium & Titanium Resources Co: Net profit dropped 83% year-over-year in Q3 2024 amid weak vanadium prices and cost pressures
Pangang Group Vanadium & Titanium Resources Co: Net profit dropped 83% year-over-year in Q3 2024 amid weak vanadium prices and cost pressures
About this update from Pangang Group Vanadium & Titanium Resources Co., Ltd. Class A
Q3 2024 saw revenue fall 6% and net profit plunge 83% year-over-year, mainly due to lower vanadium prices and high titanium dioxide costs. Operating cash flow improved, but margins and profitability declined sharply.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.