China Bright Culture to See Significant Reduction in Losses

MT Newswires Live

01/08

China Bright Culture Group (HKG:1859) expects a consolidated loss attributable to shareholders of about 7 million yuan to 8 million yuan for 2024, a significant reduction from 1.29 billion yuan in the previous fiscal year.

The upbeat forecast was attributed to the absence of one-off impairments and write-offs incurred in 2023, according to a Tuesday filing with the Hong Kong Exchange.

Trading in the company's shares, suspended on March 2023, remains halted.

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