Chongqing Machinery & Electric Co. Ltd. Class H (HK:2722) has released an update.
Chongqing Machinery & Electric Co. Ltd. anticipates a significant profit increase of 40%-50% for the first half of 2024 compared to the same period in 2023, primarily driven by a rise in investment income. The company’s management bases this positive outlook on a preliminary assessment of the unaudited consolidated management accounts. Investors are encouraged to look for the official results to be published on August 21, 2024, and to trade cautiously in the interim.
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