Hong Kong Economic Times Signals Increased Losses Amid Market Challenges

Hong Kong Economic Times Holdings (HK:0423) has released an update.

Hong Kong Economic Times Holdings has issued a profit warning, projecting a significant increase in losses to approximately HK$34 million for the six months ending September 2024, due to a downturn in local advertising and a weak economic climate. This announcement is based on preliminary unaudited financial results, which may be subject to change, with final figures expected by November 2024. Investors are advised to approach trading with caution during this period.

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