Zheneng Jinjiang Environment Holding BWM has announced that it expects to record a significant decrease in total comprehensive income for the 2HFY2023 ended Dec 31, 2023, as compared to total comprehensive income of RMB235.1 million in 2HFY2022.
In a profit guidance filing on Jan 30, the company said the expected decrease in comprehensive income, based on the preliminary assessment of the latest unaudited consolidated management accounts, is mainly attributable to substantial impairment losses of assets recorded given the difficulties and uncertainty associated with its projects in India.
The company notes that its operations and operational performance outside of India remained stable in 2HFY2023.
Zheneng Jinjiang will provide further details of its performance when it releases the unaudited financial results for 2HFY2023 on or before Feb 29.
Shares in Zheneng Jinjiang closed unchanged at 29 cents on Jan 30.
