China Dredging Environment Protection Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2021
August 20, 2021 at 05:07 am EDT
China Dredging Environment Protection Holdings Limited provided earnings guidance for the six months ended 30 June 2021. The Group expects to record a net profit approximately RMB 176 million for the six months ended 30 June 2021 as compared to a net loss of approximately RMB 74 million for the six months ended 30 June 2020. The expected turnaround from loss to profit is primarily attributable to the recognition of a one-off gain on the waived bond balance of approximately RMB210 million after the redemption of the bonds on 30 March 2021.