Dazhong Public Utilities' H1 Profit to Swell Up to 244%

MT Newswires Live

07/14

Shanghai Dazhong Public Utilities (Group) (HKG:1635, SHA:600635) expects an attributable profit of between 300 million yuan and 420 million yuan for the six months ended June 30, up 146% to 244% from a year prior, a Monday Hong Kong bourse filing said.

The utility company attributed the anticipated higher profit mainly to fair value fluctuations in financial assets held directly and indirectly through associates.

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