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The latest announcement is out from Kingdom Holdings Limited ( (HK:0528) ).
Kingdom Holdings Limited has issued a profit warning, forecasting a significant net loss for the year ended December 31, 2024, ranging from RMB38 million to RMB58 million, compared to a net profit in the previous year. This financial downturn is attributed to a decrease in gross profit margin due to high raw material costs and an expected inventory impairment provision of approximately RMB200 million.
More about Kingdom Holdings Limited
Kingdom Holdings Limited is incorporated in the Cayman Islands, operating in the financial services sector, and conducts business in Hong Kong as Kingdom (Cayman) Limited.
Average Trading Volume: 2,304
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €89.33M
For an in-depth examination of 0528 stock, go to TipRanks’ Stock Analysis page.