Zhitong Financial APP News, CP International (03839) announced that the Group expects to make a consolidated loss of about $2 million attributable to unaudited shareholders in the first quarter of 2022, compared with a profit of $5.3 million in the first quarter of 2021.
The change from profit to loss is mainly due to the unsatisfactory performance of the group's industrial business, the announcement said. The profit attributable to the joint venture (Yi Chu Mingtong Investment Co., Ltd.) is expected to deteriorate from a profit of $4.4 million in the first quarter of 2021 to a loss of about $3 million in the first quarter of 2022.