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China International swings to nine-month net loss as revenue falls

By Reuters News


Overview

  • Chinese water-services group swung to a loss for the nine-month period, from a year-ago profit

  • Nine-month revenue fell 23.5%, mainly on lower pipeline construction and water supply

  • Company disposed of three residential units and two parking lots of investment properties


Outlook

  • China International did not provide specific financial guidance for upcoming quarters or full year in its press release


Result Drivers

  • WATER PIPELINE AND SUPPLY – Revenue fell mainly on lower construction of water pipeline and water supply income

  • JOINT LIABILITY – Group recognised an RMB0.7 mln loss from additional joint and several liabilities


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 53.19 mln

9M Net Loss

RMB 10.58 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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