Yunnan Water Investment Co., Limited Class H (HK:6839) has released an update.
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Yunnan Water Investment Co., Limited reported a significant downturn in its interim financial results for the first half of 2024, with a 15.9% drop in revenue and a 32.4% decline in gross profit compared to the previous year. The company incurred a substantial net loss of approximately RMB923.9 million, primarily due to decreased operating revenue and increased financial asset credit provisions and goodwill impairment. No interim dividend distribution was recommended by the Board for this period.
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