Brief: CNNC International Sees Decrease In Rev By Not Less Than HK$1,300 Mln For Year

CNNC International

30/03/2022 16:25

March 30 (Reuters) - CNNC International Ltd  2302.HK :
    * A SIGNIFICANT DECREASE IN REVENUE BY NOT LESS THAN
HK$1,300
MILLION FOR YEAR
    * A SMALL NET PROFIT OF NOT LESS THAN APPROXIMATELY HK$1
MILLION
FOR 2021
    * SEES DECREASE IN GROSS PROFIT BY NOT LESS THAN HK$3
MILLION FOR
2021
    * EXPECTED DECREASE REVENUE DUE TO COMPLETE CESSATION OF
GROUP'S
SUPPLY CHAIN BUSINESS SINCE SECOND HALF OF 2020 YEAR
    * TURNAROUND FROM NET LOSS TO NET PROFIT DUE TO ABSENCE OF
IMPAIRMENT LOSS OF INVENTORY IN 2021 YEAR, AMONG OTHERS

Further company coverage:  2302.HK 

 ((Reuters.Briefs@thomsonreuters.com;))