CNNC International Limited (HK:2302) has released an update.
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CNNC International Limited reports a swing to a loss for the six months ended 30th June 2024, reflecting a challenging period with a significant drop in revenue and higher expenses compared to the same period in 2023. The Group faces a net loss of HK$7,731,000 and a total comprehensive expense of HK$20,859,000, with earnings per share shifting from a gain of HK1.70 cents to a loss of HK(1.58) cents. This interim financial statement highlights a period of downturn for the company amid a volatile market.
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