China Dredging Forecasts Mid-Year Net Loss

China Dredging Environment Protection Holdings Limited (HK:0871) has released an update.

China Dredging Environment Protection Holdings Limited anticipates a net loss of RMB17 million to RMB21 million for the first half of 2024, a significant downturn from the RMB25 million net profit reported in the same period of 2023. The projected loss is primarily due to a substantial reduction in revenue and gross profit. Shareholders and potential investors are cautioned to exercise prudence when trading company shares.

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