Grandshores Technology Group Limited (HK:1647) has released an update.
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Grandshores Technology Group Limited has issued a profit warning, expecting to report a loss of approximately S$3.0 million for the six months ended September 2024, up from a S$1.6 million loss in the same period last year. The increase in losses is attributed to a reduction in government grants and adverse foreign exchange rate fluctuations. Investors are advised to exercise caution with shares as the company’s interim results are yet to be finalized.
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