Great China Holdings (Hong Kong) Limited (HK:0021) has released an update.
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Great China Holdings (Hong Kong) Limited has issued a profit warning, indicating a significant drop in expected profits for the first half of 2024, with projections ranging from HK$8 million to HK$9 million, a stark decrease from the HK$28.06 million recorded in the same period the previous year. The decline is mainly due to a substantial reduction in revenue and a decrease in exchange gains from financial liabilities. Investors are advised to exercise caution when dealing in the company’s shares.
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