Sino-synergy Hydrogen Energy Technology (Jiaxing) (HKG:9663) expects an attributable loss of between 203 million yuan and 216 million yuan for the six months ended June 30, up from 124 million yuan in the year-ago period, a Friday filing with the Hong Kong bourse said.
The Chinese technology-based hydrogen fuel cell company attributed the rise in profit mainly to a temporarily low gross profit, a rise in research and development expenses, and an increase in the provision for credit impairment.
Shares of the company were down 13% in recent trade.
Price (HKD): $12.02, Change: $-1.82, Percent Change: -13.15%
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