IBI Group Holdings Limited (HK:1547) 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.
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.
For further insights into HK:1547 stock, check out TipRanks’ Stock Analysis page.