CH DREDG ENV issued a profit warning, expecting an annual net loss of approximately 303 million yuan, an increase compared to the previous year
According to the Zhitong Finance APP, CH DREDG ENV announced that it expects the group to incur a net loss of approximately RMB 303 million for the year ending December 30, 2024, compared to a net loss of approximately RMB 211.9 million for the year ending December 30, 2023. The estimated net loss is primarily attributed to non-cash provisions for expected credit losses, impairment losses on properties, plants, and equipment, and changes in the fair value of investment properties
According to the announcement from CH DREDG ENV (00871), the group expects to incur a net loss of approximately RMB 303 million for the year ending December 30, 2024, compared to a net loss of approximately RMB 211.9 million for the year ending December 30, 2023. The estimated net loss is primarily attributed to non-cash provisions for expected credit losses, impairment losses on properties, plants, and equipment, and changes in the fair value of investment properties
