ZONQING Environmental (HKG:1855) expects a post-tax profit of between 40 million yuan and 60 million yuan for the year 2024, down from a post-tax profit of 153.2 million yuan a year prior, a March 14 filing with the Hong Kong bourse said.
The landscaping company attributed the lower anticipated profit mainly to a delay in certain government construction projects leading to a lower revenue, and an increase in related expenses.
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