WG ENV TECH issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 47 million to HKD 49 million, a year-on-year turnaround from profit to loss
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WG ENV TECH issued a profit warning, expecting a shareholder loss of approximately HKD 47 million to HKD 49 million for the year ending December 31, 2024, a significant turnaround from a profit of HKD 1.8 million in the same period of 2023. The loss is mainly attributed to impairment provisions of approximately HKD 27 million to HKD 29 million for the Qingchuan anaerobic cracking project and the Zibo waste paper residue project, as well as impairment losses of approximately HKD 7 million to HKD 9 million for accounts receivable and contract assets
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