Shengli Oil & Gas Pipe Holdings Ltd. (HK:1080) has released an update.
Shengli Oil & Gas Pipe Holdings Ltd. anticipates a significantly reduced loss for the first half of 2024 compared to the same period in 2023, with expected losses not exceeding RMB26.0 million, down from a RMB57.3 million loss. This improvement is attributed to the absence of impairment losses from an associate investment and a boost in national pipeline projects and anti-corrosion processing business. The company cautions shareholders and potential investors that these figures are based on preliminary assessments and are subject to final adjustments.
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