Nanjing Business & Tourism (SHA:600250) forecasts its attributable profit to plunge between 67% and 78% to between 6 million yuan and 9 million yuan in the first half from 27.6 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.
The import and export trading service operator attributed the downbeat forecast to the impact of a subsidiary's bankruptcy, as well as lower performance in its tourism services and other segments, the filing said.
Shares increased 2% during afternoon trading on Thursday.
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