China Everbright (HK:0165) has released an update.
China Everbright Limited reports a significant downturn with a loss of HK$1.24 billion for the six months ended 30 June 2024, a stark contrast to the profit of HK$410.61 million from the previous year. The company’s revenue and income from various sources, including investments, interest, and dividends, have all seen a downturn, leading to a basic and diluted loss per share of HK$0.761. This financial update signals a challenging period for the company, as it faces a tough economic landscape.
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