Agile Group Holdings (HK:3383) has released an update.
Agile Group Holdings Limited has issued a profit warning, anticipating a substantial increase in net loss for the first half of 2024 compared to the same period in 2023. The company cites an unfavorable real estate business environment with decreased average selling prices and gross profit margins, increased losses in joint ventures/associates, and impairment losses on property projects as the main reasons for the expected losses. Investors are advised to exercise caution when dealing in the company’s shares and to await the official interim results announcement in August 2024.
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