Tibet Water Resources Forecasts Turnaround to 2025 Profit; Co-CEO Steps Down

MT Newswires Live

Feb 13

Tibet Water Resources (HKG:1115) expects a net profit of between 85 million yuan and 100 million yuan for the year 2025, compared with a net loss of 573.9 million yuan a year prior, according to a Friday Hong Kong bourse filing.

The bottled water distributor attributed the forecast to higher sales of water products, a rise in demand for premium quality products from water sources in Tibet, a deeper presence in communities, and enhanced home delivery services.

Elsewhere, the firm's co-CEO, Du Hui, resigned effective Friday due to personal work arrangements.

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