Daohe Global Issues Significant Profit Warning

Daohe Global Group Limited (HK:0915) has released an update.

Daohe Global Group Limited has issued a profit warning, anticipating at least a 90% decrease in profit for the six months ending June 30, 2024, compared to the same period last year. The significant drop is primarily attributed to a reduction in government subsidies and a decline in gross profit in a challenging business environment. The company’s final results are pending and will be released in their unaudited interim results announcement by late August 2024.

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