Tianjin Capital Environment Warns of 244 Million Yuan Impairment Hit for 2024

MT Newswires Live

2025/03/24

Tianjin Capital Environmental Protection Group (HKG:1065) proposed a provision for asset impairment of 244 million yuan for 2024.

The provision includes 150 million yuan in goodwill impairment loss and 94 million yuan in credit impairment loss, according to a Friday filing with the Hong Kong bourse.

The decision follows an industry downturn and a decline in profitability in hazardous waste disposal.

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