Huayu Expressway Group Limited (HK:1823) has released an update.
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Huayu Expressway Group Limited has issued a profit warning, expecting a significant drop in revenue and profit for the first half of 2024 compared to the same period in 2023, primarily due to decreased wine and liquor sales in the PRC consumer market. The company advises shareholders and potential investors to exercise caution when dealing with its shares, as the interim results are yet to be finalized and may differ from preliminary assessments.
For further insights into HK:1823 stock, check out TipRanks’ Stock Analysis page.