China Star Entertainment (HK:0326) has released an update.
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China Star Entertainment Limited has issued a profit warning, anticipating a consolidated loss of HK$115 million to HK$135 million for the first half of 2024, a significant increase from the HK$82.4 million loss in the same period of 2023. The rise in losses is mainly due to higher marketing and employee-related expenses in their property sales and entertainment sectors. Investors are cautioned to be prudent when trading the company’s shares.
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