China Ting Group Holdings Limited (HK:3398) has released an update.
China Ting Group Holdings Limited has issued a profit warning, indicating that for the first half of 2024, the company expects to report a net loss of between HK$137.5 million and HK$147.5 million. This anticipated loss, which is significantly higher than the HK$92.5 million loss recorded for the same period in the previous year, is attributed to decreased revenue, fair value loss on investment properties, and increased operating expenses. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.
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