Brief: Jiachen Holding Sees Net Profit Attributable For Year To Reduce By Not Less Than 40%
20/03/2023 13:08
March 20 (Reuters) - Jiachen Holding Group Ltd
1937.HK :
* JIACHEN HOLDING GROUP LTD SEES NET PROFIT OF GROUP
ATTRIBUTABLE
FOR YEAR TO REDUCE BY NOT LESS THAN 40%
* JIACHEN HOLDING GROUP LTD SEES DECREASE IN SALES REVENUE
OF
GROUP FOR YEAR 2022 BY NOT LESS THAN 15%
* EXPECTED PROFIT DUE TO SUBSTANTIAL INCREASE IN IMPAIRMENT
OF
CONTRACT ASSETS AND TRADE AND BILLS RECEIVABLES BY OVER 100%,
AMONG OTHERS
Further company coverage: 1937.HK
(Reporting by Archishma Iyer)
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