Zhongtian Construction (Hunan) Group Limited (HK:2433) has released an update.
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Zhongtian Construction (Hunan) Group Limited has issued a profit warning, expecting a net loss of RMB 21.6 million to RMB 26.5 million for the first half of 2024. This marks a significant downturn from the RMB 19 million net profit reported in the same period last year, primarily due to an economic slowdown and increased impairment on assets. Investors are urged to exercise caution and await the company’s interim results, due for publication in late August 2024.
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