China LNG Group Anticipates Interim Loss Amid Penalty

China LNG Group (HK:0931) has released an update.

China HK Power Smart Energy Group Limited has issued a profit warning, anticipating a loss of HK$50 million to HK$65 million for the six months ending September 2024, due to a one-off penalty provision and seasonal business factors. Despite the interim loss, the company remains optimistic about returning to profitability by the end of the fiscal year.

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