China Infrastructure & Logistics Group Ltd. (HK:1719) has released an update.
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China Infrastructure & Logistics Group Ltd. has announced an expected profit surge of approximately 1.2 times for the six-month period ending June 2024, reaching an estimated HK$3.3 million. This increase is attributed to the profitable disposal of a loss-making subsidiary and the strategic realigning of the company’s organizational structure and business optimization. The company cautions shareholders and potential investors that these preliminary results are subject to further review and adjustment.
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