China Oriented International Holdings Ltd. (HK:1871) has released an update.
China Oriented International Holdings Limited has announced an expected reduction in net loss for the first half of 2024, projecting a loss between RMB 2.0 million to RMB 2.5 million, an improvement from the RMB 3.3 million loss in the same period the previous year. The decrease is attributed to lower revenues in their large vehicle driving training service due to market challenges and competition, partially offset by an income tax credit. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s shares.
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