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The latest announcement is out from Oriental Enterprise Holdings Limited ( (HK:0018) ).
Oriental Enterprise Holdings Limited has issued a profit warning, indicating a significant decrease in its expected consolidated profit for the year ending March 31, 2025. The anticipated profit is between HK$50 million and HK$55 million, down from HK$75.1 million the previous year. This decline is attributed to reduced revenue from its media business due to unfavorable macroeconomic conditions, a decrease in loan interest income, and a net fair value loss on investment properties. The company advises caution to shareholders and potential investors as the final audited results may differ from the preliminary figures.
More about Oriental Enterprise Holdings Limited
Oriental Enterprise Holdings Limited is a company incorporated in Hong Kong, operating primarily in the media and money lending sectors. The company is involved in generating revenue from its media business and loan interest income from its money lending operations.
Average Trading Volume: 302,330
Technical Sentiment Signal: Buy
Current Market Cap: HK$959.2M
Learn more about 0018 stock on TipRanks’ Stock Analysis page.