Brief: Chiho Environmental Sees HY Gross Profit In Range Of Hk$900 Mln To Hk$1,000 Mln

Chiho Environmental

27/07/2021 11:35

July 27 (Reuters) - Chiho Environmental Group Ltd  0976.HK :
    * CHIHO ENVIRONMENTAL GROUP LTD SEES  GROSS PROFIT FOR 2021
INTERIM IN RANGE OF HK$900 MILLION TO HK$1,000 MILLION
    * CHIHO ENVIRONMENTAL SEES REVENUE FOR HY IS EXPECTED IN
RANGE OF
HK$10,700 MILLION TO HK$11,300 MILLION, UP AT LEAST 83%
    * CHIHO ENVIRONMENTAL GROUP LTD SEES  HY EBITDA NOT LESS
THAN
HK$660 MILLION
    * CHIHO ENVIRONMENTAL GROUP LTD SEES  HY NET PROFIT OF NOT
LESS
THAN HK$220 MILLION
    * CHIHO ENVIRONMENTAL -EXPECTED IMPROVEMENT MAINLY DUE TO
CHINA
INTRODUCED NEW STANDARDS FOR IMPORT OF RECYCLED METALS FROM LATE
LAST YEAR
    * CHIHO ENVIRONMENTAL  - JV WITH CHINA HONGQIAO FOR
RECYCLING OF
100,000 TONNES OF END-OF-LIFE VEHICLE & MIXED METALS STARTED
CONSTRUCTION IN FEB 2021

Further company coverage:  0976.HK 

 (Reuters.briefs@thomsonreuters.com)