SPT Energy Group (HK:1251) has released an update.
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SPT Energy Group Inc. has issued a profit warning indicating an expected net loss of RMB 60-70 million for the first half of 2024, a significant downturn from the net profit reported in the same period last year. The anticipated loss is primarily attributed to reduced work volume in Kazakhstan due to extreme weather and impairment provisions for certain assets. Investors are advised to exercise caution and await the detailed interim results announcement scheduled for publication by the end of August 2024.
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