China Conch Environment Protection Flags Lower Profit for 2024

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China Conch Environment Protection Flags Lower Profit for 2024

MT Newswires Live02-18

China Conch Environment Protection Holdings (HKG:0587) expects a net profit attributable to shareholders of between 4 million yuan and 10 million yuan for 2024, lower than 264.1 million yuan in 2023.

The hazardous waste treatment and disposal company attributed the forecast to a decrease in gross profit margin and low profitability from certain projects, a Tuesday bourse filing said.

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