The Zhitong Finance App learned that Beijing Investment Transport Technology (01522) fell by more than 10%. At the time of publication, it fell 11.48% to HK$0.27, with a turnover of HK$1.01 million.
According to the news, the company announced yesterday that the Group's profit for the six months ending June 30, 2023 is expected to drop by about 85%-95% compared to the same period last year. The announcement stated that the forecast was mainly due to market recovery falling short of expectations, and the Group's project delivery and confirmation revenue were affected, leading to a decrease in revenue during the period. In addition to this, the Group's performance of joint ventures and joint ventures also declined compared to the same period last year.