Yunnan Energy International Co. Limited (HK:1298) has released an update.
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Yunnan Energy International Co. Limited anticipates a significant reduction in its net loss for the first half of 2024, expecting a loss between HK$0.3 million to HK$0.5 million, compared to a loss of HK$5.9 million in the same period last year. This improvement is attributed to increased revenue and gross profit in their supply chain business, spurred by higher demand for certain agricultural commodities and industrial products, and effective cost control measures reducing administrative expenses. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s shares as these figures are based on preliminary assessments and are not yet audited.
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