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China HK Power Smart Energy Warns of Wider Full-Year Loss

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China HK Power Smart Energy Group (HKG:0931) expects an attributable loss of between HK$130 million and HK$160 million for the year ended March 31, wider than around HK$106 million a year prior, according to a Monday Hong Kong bourse filing.

The LNG gas and smart energy company attributed the forecast to lower profit margins in the midstream natural gas trading niche due to intense market competition, as well as the suspension of operations of a natural gas station amid road modification works by the government.

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