Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.
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FEG Holdings Corporation Limited, formerly known as Kwong Luen Engineering Holdings, has issued a profit warning for the six months ending September 2024, anticipating a consolidated loss of up to HK$7 million. This downturn is attributed to a decrease in gross profit margin and an increase in administrative expenses compared to a profit of HK$9.6 million during the same period last year. Investors are advised to exercise caution as the interim results are yet to be finalized.
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