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[Corporate Earnings Surprise] CNQC INT'L expects last year's profit to increase by at least 30.4%

etnet

Mar 8 at 07:34 PM

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According to a report from Economic News Agency on the 9th, CNQC International announced that it expects its profit for the year ending December 31 of last year to be no less than HKD 60 million, an increase of at least 30.4%. The group stated that the profit growth is due to the optimization of construction costs in Singapore, an improvement in the gross profit margin of its Singapore construction division, and a decrease in financing costs. The group expects to announce its results by the end of March. (wh)

According to a report from Economic News Agency on the 9th, CNQC International (01240) announced that it expects its profit for the year ending December 31 of last year to be no less than HKD 60 million, an increase of at least 30.4%.

The group stated that the profit growth is due to the optimization of construction costs in Singapore, an improvement in the gross profit margin of the Singapore construction division, and a decrease in financing costs.

The group expects to announce its results by the end of March. (wh)

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