China Conch Environment Protection Holdings (HKG:0587) expects a decrease of 40% to 60% in its net profit attributable to equity shareholders for the six months ended June 30, as compared to the corresponding period last year, a Wednesday filing with the Hong Kong Exchange said.
The company attributed the expected decrease to a decrease in service fees for hazardous waste disposal due to fierce competition and a relative decrease in the input volume of solid waste from the previous year.
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