Hengxin Technology (HKG:1085) expects an attributable profit of between 25.1 million yuan and 30.1 million yuan for the six months ended June 30, marking a 40% to 50% drop from a year ago.
The communication equipment maker attributed the downbeat forecast to higher interest expense and profit sharing to non-controlling interests.
The company expects to release its interim results on Aug. 23, according to a Wednesday filing with the Hong Kong Exchange.
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