IBI Group Expects Loss, Advises Investor Caution

IBI Group Holdings Limited (HK:1547) has released an update.

IBI Group Holdings Limited has issued a profit warning, anticipating a net loss of approximately HK$1.2 million for the year ended 31 March 2024, a decrease from the net profit of HK$2.8 million the previous year. The expected loss is mainly due to a reduction in the investment property’s fair value. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s shares.

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