Matrix Holdings Limited (HK:1005) has released an update.
Matrix Holdings Limited has issued a profit warning, cautioning shareholders and potential investors that the Group anticipates a loss of no more than approximately HK$85 million for the six-month period ending 30 June 2024. This projected loss starkly contrasts with the modest profit of HK$0.4 million reported in the same period last year and is primarily due to a significant decline in revenue of at least 41%, attributed to tough global economic conditions. The company advises caution when dealing with its shares, as the final interim results are yet to be released on 27 August 2024.
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