China Ever Grand Financial Leasing Group Co., Ltd. (HK:0379) has released an update.
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China Ever Grand Financial Leasing Group Co., Ltd. has issued a profit warning, anticipating a significant increase in net loss for the first half of 2024, estimated between HK$39.0 million and HK$49.0 million, compared to HK$23.5 million in the previous year. The increase is primarily due to a rise in fair value loss on investment properties and share of losses from associates, particularly in the financial leasing segment. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
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