YCIH Green High-Performance Concrete (HKG:1847) expects a net loss of 115.6 million yuan for 2024, wider than 28.6 million yuan loss in 2023, a Tuesday Hong Kong bourse filing said.
The ready-mixed concrete company attributed the expected loss to a decrease in operating income and gross profit resulting from a decline in sales volume of the group's main product, the commercial concrete, and an increase in the impairment of trade receivables.
Shares of the company were down over 1% in recent trade.
Price (HKD): $0.43, Change: $-0.0050, Percent Change: -1.16%
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