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Tianjin Jinran Expects Reduced Losses for FY2024 Amid Lower Gas Prices

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Tianjin Jinran Expects Reduced Losses for FY2024 Amid Lower Gas Prices

Elevate Your Investing Strategy:

Tianjin Jinran Public Utilities Co. Ltd. Class H ( (HK:1265) ) has shared an announcement.

Tianjin Jinran Public Utilities Co. Ltd. announced an expected reduction in consolidated losses for FY2024, with a projected loss of approximately RMB46 million compared to RMB155 million in FY2023. This improvement is attributed to the absence of impairment provisions for fixed assets and a decrease in gas sourcing prices due to lower global natural gas prices. The company’s financial results are still being finalized and are subject to adjustments, with the final results expected to be published in March 2025.

More about Tianjin Jinran Public Utilities Co. Ltd. Class H

Tianjin Jinran Public Utilities Co. Ltd. is a joint stock limited company incorporated in China, focusing on public utilities. The company is involved in the energy sector, particularly in the sourcing and distribution of natural gas.

YTD Price Performance: 30.0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €40.81M

For an in-depth examination of 1265 stock, go to TipRanks’ Stock Analysis page.

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