GR Properties Limited (HK:0108) has released an update.
GR Life Style Company Limited has issued a profit warning, anticipating a significant decrease in profits for the first half of 2024, projecting it to be between HK$0.2 million and HK$0.3 million, a stark contrast to the HK$39.3 million reported in the same period of the previous year. This expected decline is primarily due to the absence of remeasurement gains from property transfers that were recognized in the previous year. Investors are advised to exercise caution when dealing in the company’s securities.
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