Man Shun Group (Holdings) Ltd. (HK:1746) has released an update.
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Man Shun Group (Holdings) Limited has issued a profit warning, expecting a net loss of HK$1.9 million for the first half of 2024, a stark contrast to the HK$1.4 million net profit from the same period in 2023. The anticipated loss is largely due to rising raw material costs, project delays, and a sluggish property market in Hong Kong. Investors are cautioned to consider this information prudently and to await the official interim results due by 31 August 2024.
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