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China Water Industry Group Reports Significant Financial Decline in 2024
WATER INDUSTRY: ANNOUNCEMENT OF FINAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
Express News | China Water Industry - Mou for Implementation of Landfill Gas-to- Energy System at a Landfill Site at Sidoarjo
Hayward Appoints Water Industry Powerhouse Ron Keating to Board of Directors
WATER INDUSTRY (01129.HK) expects an annual loss not to exceed 0.39 billion Hong Kong dollars.
On March 20, Gelonghui reported that WATER INDUSTRY (01129.HK) announced the company expects to record a loss attributable to shareholders not exceeding HKD 390,000,000 in the fiscal year 2024, compared to a loss of approximately HKD 243,450,000 attributable to shareholders in the previous year. Compared to the fiscal year 2023, the Board of Directors believes the increase in the loss attributable to shareholders is primarily due to the net effects of the following factors: (i) the decrease in revenue and gross profit from the renewable Energy Business, mainly due to the reduction in the number of operating landfills and the local incineration projects.
Express News | China Water Industry - Expected Result Due to Decline in Revenue & Gross Profit Derived From Renewable Energy Business in FY, Others
