Zhixin Group Holding (HKG:2187) expects a net profit between 1 million yuan and 3 million yuan for the six months ended June 30, lower than the 10.6 million yuan profit recorded in the corresponding period last year, a Friday filing with the Hong Kong Exchange said.
The company attributed the decrease to the losses incurred from the company's ready-made concrete and precast concrete components businesses.
The company's shares were up nearly 7% on Friday's close.
Price (HKD): $0.78, Change: $+0.05, Percent Change: +6.85%
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