Stock Analyst Note
Tianqi Earnings: Results Missed Despite Surging Profit Growth; Margin Holding Up Moderately
Tianqi reported a 13-fold year-on-year increase in third-quarter net profit, driven by a doubling in average lithium prices from a year earlier. Gross margin expanded to 63% from 38%. The company also recorded a fivefold increase in equity income from Sociedad Quimica Y Minera De Chile SA.
