Great China Holdings (Hong Kong) Limited (HK:0021) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:0021 stock, check out TipRanks’ Stock Analysis page.