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CHINA ORIENTED: Interim Report 2024
CHINA ORIENTED: ANNOUNCEMENT ON THE INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
China Oriented International to Shrink Loss in H1
China Oriented International Foresees Reduced Losses
China oriented (01871.HK) is expected to narrow its net loss in the mid-term compared to the previous year.
China-oriented (01871.HK) announced on August 15th that based on a preliminary assessment of the unaudited comprehensive management accounts of the group for the six months ending June 30, 2024, compared with a net loss of approximately RMB 3.3 million for the six months ending June 30, 2023, the group is expected to record a net loss of approximately RMB 2 million to approximately RMB 2.5 million. The board of directors believes that the main reasons for the above changes are as follows: (I) the revenue from the driving training service business for large vehicles of the group has decreased, due to the continuing tense trade relations between China and the United States that have continued to affect the market conditions in the logistics industry.
Express News | China Oriented International - Expected Result Due to Decrease in Revenue From Group's Driving Training Service Business, Others
