China International Holdings half-year revenue and profit fall
China International Holdings half-year revenue and profit fall
Overview
China investment holding firm's half-year revenue declined yr/yr, gross profit also fell
Company posted a net loss for the six-month period
Gross profit for the half-year dropped sharply compared to prior year
Outlook
Company did not provide specific financial guidance or outlook for the current or future periods
Result Drivers
REVENUE DECLINE - Lower sales and services provided led to reduced revenue and gross profit
HIGH OPERATING EXPENSES - Elevated administrative and operating expenses contributed to net loss
Company press release: ID:nSNb2WVKH
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 35.62 mln |
|
H1 Net Loss |
| RMB 4.98 mln |
|
H1 Gross Profit |
| RMB 9.37 mln |
|
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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