Yunnan Water Investment Co., Limited Class H ( (HK:6839) ) has provided an announcement.
Yunnan Water Investment Co., Limited has issued a profit warning, indicating a significant increase in losses for the year ending December 31, 2024, with expected losses ranging from RMB1,650 million to RMB1,850 million, compared to RMB688.07 million in 2023. The company attributes this financial downturn to a decrease in operating revenue and an increase in provisions for expected credit allowance and impairment of goodwill, advising shareholders and potential investors to exercise caution.
More about Yunnan Water Investment Co., Limited Class H
Yunnan Water Investment Co., Limited is a joint stock limited liability company incorporated in the People’s Republic of China. The company operates in the water investment sector, focusing on water supply and wastewater treatment services. It is listed on the Hong Kong Stock Exchange under the stock code 6839.
YTD Price Performance: -10.0%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €24.05M
For a thorough assessment of 6839 stock, go to TipRanks’ Stock Analysis page.