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Tibet Water Resources ( (HK:1115) ) just unveiled an announcement.
Tibet Water Resources Ltd. has issued a profit warning, indicating an expected net loss of approximately RMB580 million for the year ending December 31, 2024, compared to a net loss of RMB350 million in the previous year. This increase in net loss is largely due to significant impairment losses on investments, which are non-cash items and do not affect the company’s cash flow immediately. The results are based on preliminary unaudited assessments and may be subject to adjustments.
More about Tibet Water Resources
Tibet Water Resources Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the water resources industry. The company focuses on investments and operations related to water resources and related services.
YTD Price Performance: -2.86%
Average Trading Volume: 3,312,493
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.49B
See more data about 1115 stock on TipRanks’ Stock Analysis page.