LC Logistics Forecasts Steep Profit Decline

LC Logistics, Inc (HK:2490) has released an update.

LC Logistics, Inc. has issued a profit warning, anticipating a significant drop in profits for the first half of 2024, with expected earnings to fall between 86% and 90% compared to the same period last year. The decline is largely due to reduced revenue from the company’s time charter services, attributed to lower market rates during contract periods. Investors are advised to exercise caution and await the official interim results announcement before the end of August.

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