China Conch Environment Protection Holdings Ltd. (HK:0587) has released an update.
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China Conch Environment Protection Holdings Ltd. has issued a profit warning, anticipating a 40% to 60% decline in net profit for the first half of 2024 compared to the previous year, mainly due to increased competition and reduced service fees in hazardous waste disposal, as well as delayed industrial solid waste orders. However, the company assures shareholders that its financial position remains strong and management is optimistic about future growth despite these challenges. Detailed interim results will be available by the end of August 2024, and shareholders are advised to exercise caution when dealing with company securities in the meantime.
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