EPI (Holdings) Limited (HK:0689) has released an update.
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EPI (Holdings) Limited has issued a profit warning, expecting a significant drop in profits for the first half of 2024, with a projected profit of no less than HK$0.6 million, a stark decrease from the HK$16.4 million reported in the same period of 2023. The anticipated decline is attributed to lower expected credit loss provisions, the provision of expected credit losses on loans and receivables, and the recognition of exchange losses due to the depreciation of the Canadian dollar. Investors are cautioned to exercise care when trading the company’s shares, with more details to be revealed on August 29, 2024.
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