Hilong Warns of H1 Losses; Shares Drop 4%

MT Newswires Live

08/19

Hilong (HKG:1623) said it expects to swing to losses in the first half of 2025, according to a Hong Kong bourse filing Monday.

The firm expects to post a loss of 310 million yuan to 340 million yuan for the six months ended June 30, in contrast to the 46.6 million yuan profit posted in the year-ago period.

Hilong's financial results are due by the end of August.

Shares of the oil and gas drilling equipment manufacturer fell over 4% in afternoon trade Tuesday.

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