Continental Holdings Limited (HK:0513) has released an update.
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Continental Holdings Limited has issued a profit warning, anticipating a loss of at least HK$180 million for the year ended June 30, 2024, deepening from last year’s HK$115.4 million loss. The company cites decreased revenue, property write-downs, higher finance costs, and impairment losses as key factors for this downturn. Shareholders and potential investors are advised to be cautious when trading the company’s shares.
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