China Wan Tong Yuan (Holdings) Ltd. (HK:6966) has released an update.
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China Wan Tong Yuan (Holdings) Ltd. has issued a profit warning, anticipating a decrease in profit of 43% to 50% for the first half of 2024, compared to the same period in 2023. This expected decline is due to lower sales of burial plots, increased operational expenses, and lower exchange gains. Investors are advised to exercise caution and await the official financial results to be published by the end of August 2024.
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