China Everbright Greentech (HKG:1257) expects its attributable profit to have plunged by 43% to 47% year over year to between HK$140 million and HK$150 million in the six months ended June 30, according to a Tuesday filing with the Hong Kong Stock Exchange.
The downbeat forecast is being attributed to a lower number of projects under construction qualified to receive revenue contribution from construction services, the filing said.
The clean energy firm plans to release half-year results by the end of August.
Shares rose 3% in Hong Kong on Tuesday afternoon.
Price (HKD): $0.66, Change: $+0.02, Percent Change: +3.13%
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