Mingfa Group (International) Co. Ltd. (HK:0846) has released an update.
Mingfa Group (International) Co. Ltd. has issued a profit warning, indicating an expected significant drop in profits for the first half of 2024, projecting between RMB25 million to RMB50 million, in contrast to the RMB308.4 million earned in the same period the previous year. This decline is primarily due to a decrease in property delivery. Investors are cautioned to await the final interim results announcement due by the end of August 2024 before making any investment decisions.
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