Paladin Limited Announces Major Expected Losses

Paladin Limited (HK:0495) has released an update.

Paladin Limited has issued a profit warning, expecting to report a significant loss of around HK$130 million for the year ended 30 June 2024, a considerable increase from the HK$42 million loss in the previous year. The increased loss is attributed mainly to a substantial rise in fair value loss on investment properties. Shareholders and potential investors are cautioned to exercise care when dealing in the company’s shares.

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