The latest update is out from Tianjin Capital Environmental Protection Group Co ( (HK:1065) ).
Tianjin Capital Environmental Protection Group Co announced a proposed provision for asset impairment amounting to RMB244,091,200 for the year 2024, including goodwill and credit impairment losses. This move reflects the company’s efforts to objectively represent its financial position and operating results, following significant acquisitions to bolster its hazardous waste business. The impairment highlights challenges in realizing expected benefits from past acquisitions, impacting the company’s financial health and market positioning.
More about Tianjin Capital Environmental Protection Group Co
Tianjin Capital Environmental Protection Group Co is a company operating in the environmental protection industry, focusing on hazardous waste management. It aims to enhance its market competitiveness and improve its regional layout through strategic acquisitions.
YTD Price Performance: 0.71%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.16B
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