Golden Power Foresees Reduced Semi-Annual Losses

Golden Power Group Holdings Ltd. (HK:3919) has released an update.

Golden Power Group Holdings Ltd. has issued a profit warning, anticipating a net loss between HK$2 million to HK$5 million for the first half of 2024, which is an improvement from the HK$10.3 million loss in the first half of 2023. The decrease in net loss is attributed to increased gross profit from recovering sales revenue and a reduction in exchange losses. Investors are advised to exercise caution and await the finalized interim results due for release in late August 2024.

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