DIT Group Limited (HK:0726) has released an update.
DIT Group Limited has issued a profit warning indicating an expected net loss of approximately HK$180 million for the first half of 2024, a significant increase from the previous year’s loss. The downturn is attributed to a substantial decrease in sales and gross profit margins across various business sectors, particularly in prefabricated construction and decoration services, amid challenging market conditions and a reduction in order volumes. Investors are urged to exercise caution in dealing with the company’s shares until the finalized interim results are published.
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