Ever Reach Group Holdings Co., Ltd. (HK:3616) has released an update.
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Ever Reach Group Holdings Co., Ltd. has announced a profit warning for FY2023, expecting a significant drop in profit despite a rise in revenue, mainly due to increased costs and tax expenses. The company also anticipates a loss for the first half of 2024, with trading of its shares remaining suspended. Investors are advised to be cautious as the company works towards fulfilling the necessary resumption requirements.
For further insights into HK:3616 stock, check out TipRanks’ Stock Analysis page.