Jun 27, 2022 07:24 PM (GMT+8) · EqualOcean
St United Construction announced that it expected a net profit loss of 35million yuan to 52million yuan in the first half of the year, and a profit of 72.3643 million yuan in the same period of last year. During the reporting period, affected by the repeated changes of the epidemic, the company's business orders did not meet expectations, and the scale effect was not fully reflected, resulting in that the operating profit could not cover the interest generated by short-term borrowings. The loss was mainly caused by the financial expenses formed by the interest expense of the bank's short-term borrowings and the provision for credit impairment.

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