CNQC Int'l (01240.HK) Announces Profit for the First Half of the Year, Expected to Turn Loss into Profit.

Gelonghui Finance · Aug 5, 2024 19:05

CNQC Int'l (01240.HK) announced that it is expected to generate shareholder's attributable net profit of about HKD 15 million to HKD 25 million during the mid-2024, while a shareholder's attributable loss of about HKD 147 million was recorded in the same period of the previous year.

The group turned from loss to profit due to (i) the gross margin of the group's Singapore construction division improved in mid-2024 compared to the same period in 2023; and (ii) the total borrowings of the group decreased compared to the same period in 2023, resulting in a decrease in financing costs.

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青建国际(01240.HK)盈喜：预期中期扭亏为盈

CNQC Int'l (01240.HK) Announces Profit for the First Half of the Year, Expected to Turn Loss into Profit.

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