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China Dredging Environment Protection Holdings Limited ( (HK:0871) ) has issued an update.
China Dredging Environment Protection Holdings Limited has issued a profit warning, anticipating a net loss of approximately RMB303 million for the year ending December 31, 2024, compared to a net loss of RMB211.9 million in the previous year. The increased loss is mainly due to non-cash allowances for expected credit loss, impairment losses on properties, plant and equipment, and changes in the fair value of investment properties. The company is finalizing its annual results, which are subject to adjustments, and will announce the final figures on March 31, 2025.
More about China Dredging Environment Protection Holdings Limited
China Dredging Environment Protection Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the dredging and environmental protection industry. It operates through its subsidiaries and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -47.83%
Average Trading Volume: 5,482,284
Technical Sentiment Signal: Buy
Current Market Cap: HK$180.5M
See more insights into 0871 stock on TipRanks’ Stock Analysis page.