China Energy Development Reports Revenue Dip Amid Rising Costs

China Energy Development Holdings Limited (HK:0228) has released an update.

China Energy Development Holdings Limited reported a 2% drop in revenue to HK$244.1 million and a 1.3% decrease in net profit to HK$55.4 million for the nine months ending September 2024. The company also faced a 10.1% rise in operating costs, highlighting financial pressures amid a challenging market environment. Investors are advised to approach with caution as the figures remain unaudited and subject to adjustments.

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