China ITS Holdings Co., Ltd. (HK:1900) has released an update.
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China ITS Holdings Co., Ltd. warns of an expected loss of approximately RMB 38 million for the first half of 2024, a stark drop from the RMB 55.1 million profit in the same period last year. The anticipated loss is attributed to significant fair value losses on financial assets due to market volatility and foreign exchange losses in the Myanmar electric power business. Investors are urged to exercise caution when dealing in the company’s securities.
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