China Aluminum International Engineering Corporation Limited Class H (HK:2068) has released an update.
China Aluminum International Engineering Corporation Limited forecasts a significant turnaround with an expected net profit of RMB140 million to RMB160 million for the first half of 2024, a stark contrast to the net loss of RMB831 million in the previous year. The anticipated net profit, excluding non-recurring items, is projected to be between RMB45 million and RMB55 million. This positive outlook is attributed to increased revenue from the company’s core engineering design and equipment manufacturing sectors and an improved structure in its engineering construction business.
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