China Renewable Energy Investment (HK:0987) has released an update.
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China Renewable Energy Investment Limited has issued a profit warning indicating an expected 70% drop in net profit for the first half of 2024 compared to the same period in 2023, primarily due to lower than anticipated wind resources. The figures are based on preliminary unaudited accounts and are subject to review by the company’s external auditor. Shareholders and potential investors are cautioned to seek professional advice before trading in the company’s shares.
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