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Grand Ming Group Holdings Ltd. ( (HK:1271) ) has issued an announcement.
Grand Ming Group Holdings Limited has issued a profit warning, indicating an expected net loss of HK$280 million to HK$310 million for the year ended 31 March 2025, compared to a net profit of HK$298.5 million in the previous year. The anticipated loss is attributed to impairment losses on properties and a net unrealised fair value loss on investment properties due to the unfavorable property market conditions in Hong Kong.
More about Grand Ming Group Holdings Ltd.
Grand Ming Group Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in property development and investment, with a focus on the Hong Kong market.
Average Trading Volume: 28,356
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.98B
For an in-depth examination of 1271 stock, go to TipRanks’ Overview page.