CNT Group Limited (HK:0701) has released an update.
CNT Group Limited has issued a profit warning, expecting to report a loss between HK$14.0 million and HK$17.0 million for the first half of 2024, a significant increase from the HK$3.3 million loss in the same period of 2023. The anticipated loss is attributed to substantial net fair value losses on investment properties, yet the company assures that its overall financial position remains strong and these losses will not impact operating cash flow. Shareholders and potential investors are advised to exercise caution when dealing in company shares.
For further insights into HK:0701 stock, check out TipRanks’ Stock Analysis page.
