CM Hi-Tech Forecasts Steep Profit Decline

Channel Micron Holdings Company Limited (HK:2115) has released an update.

CM Hi-Tech Cleanroom Limited has issued a profit warning, anticipating a significant drop in net profit of about 32% to 39% for the six months ending June 30, 2024, compared to the same period last year. This expected decline is mainly due to increased project expenses and a provision for credit losses. Investors are urged to exercise caution and await the interim results announcement expected before the end of August 2024.

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