Grand Ming Group Holdings Ltd. (HK:1271) has released an update.
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Grand Ming Group Holdings Ltd. has issued a profit warning, anticipating a significant decrease in net profit by 50% to 60% for the six months ending September 2024 compared to the same period last year. This decline is mainly due to a lower revaluation gain from investment properties, despite increased revenue from property sales. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1271 stock, check out TipRanks’ Stock Analysis page.