China Internet Investment Finance Holdings Ltd. (HK:0810) has released an update.
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China Castson 81 Finance Company Limited has issued a profit warning, anticipating a net loss between HK$12 million to HK$16 million for the first half of 2024, a significant downturn compared to a net profit of HK$7.6 million in the same period of 2023. The projected loss is primarily due to an estimated fair value loss on financial assets, contrasting with the previous year’s gain. Investors are urged to exercise caution and await the forthcoming detailed interim results announcement.
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