Dongwu Cement International Ltd. (HK:0695) has released an update.
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Dongwu Cement International Ltd. has issued a profit warning, anticipating a significant increase in losses for the first half of 2024, estimated at around 117.1% more than the previous year, which amounts to approximately HK$39.98 million. The downturn is mainly due to the challenging adjustments within China’s real estate market, leading to lower selling prices and gross profits for the company’s cement products. Investors are advised to exercise caution when dealing with the company’s securities.
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