Zhitong Financial APP learned that Beijing Investment Transportation Technology (01522) fell more than 10%. As of press time, it fell 11.48% to HK $0.27, with a turnover of HK $1.01 million.
On the news side, the company announced yesterday that it expects the group's profit for the six months to June 30, 2023 to fall by about 85% compared with the same period last year. The announcement said that the expectation was mainly due to the lower-than-expected recovery of the market and the impact on the group's project delivery and recognized income, resulting in a decrease in revenue during the period. In addition, the performance of joint ventures and joint ventures attributable to the Group also declined compared with the same period last year.