Ernest Borel Holdings Ltd (HK:1856) has released an update.
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Ernest Borel Holdings Limited has issued a profit warning, expecting to report a net loss of HK$5 million for the first half of 2024, a stark contrast to the HK$1.3 million net profit from the same period the previous year. The anticipated loss is mainly due to a downturn in consumer market sentiment, a sluggish economic recovery, and cautious customer order volumes amid ongoing macroeconomic and geopolitical uncertainties. Shareholders and potential investors are urged to exercise caution when dealing in the company’s shares.
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