Asia
Bairong Warns of Swing to H1 Loss; Shares Slip 3%
Bairong (HKG:6608) expects an unaudited net loss of between 320 million yuan and 360 million yuan for the six months ended June 30, compared with a net profit of 201 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.Shares of the artificial intelligence company were down nearly 3% in Wednesday afternoon trading.The company attributed the forecast to a substantial decrease in revenue from mature businesses.
HKG:6608
