Jiu Rong Holdings Reports Increased Half-Year Loss

Jiu Rong Holdings Limited (HK:2358) has released an update.

Jiu Rong Holdings Limited has issued a profit warning indicating that the company expects to record a net loss of at least HK$21 million for the six-month period ending June 30, 2024, which is a significant increase from the HK$7 million net loss in the previous year. The company attributes the increased loss mainly to a reduction in profits from associates by at least HK$11 million. Shareholders and potential investors are advised to exercise caution and look out for the detailed interim results to be released on August 30, 2024.

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