Kader Holdings Announces Substantial Mid-Year Losses

Kader Holdings Co. Ltd. (HK:0180) has released an update.

Kader Holdings Company Limited has issued a profit warning, anticipating a significant loss of HK$70 million to HK$80 million for the first half of 2024. This expected loss is a sharp increase from the HK$2 million loss reported in the same period the previous year, attributed to reduced revenue, exchange losses, and devaluation of investment properties. Shareholders and potential investors are cautioned to be prudent when trading company shares.

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