Momentum Financial Holdings Limited (HK:1152) has released an update.
Momentum Financial Holdings Limited has issued a profit warning, anticipating a significant drop in net profit to HK$9.5 million for the first half of 2024, down from HK$16.6 million the previous year, due to lower gross profit and higher finance costs. The company’s shares will continue to be suspended from trading on the Hong Kong Stock Exchange until the interim results for 2024 are released, which is expected by September 30, 2024. Investors are advised to be cautious when dealing with the company’s shares.
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