China Tonghai International Financial Limited (HK:0952) has released an update.
Quam Plus International Financial Limited issued a profit warning, predicting a sharp decline in their pre-tax profit for the first half of 2024 to not more than HKD12 million, a significant drop from the HKD115 million recorded in the same period of the previous year. The decrease is mainly due to the one-time settlement of a loan from a connected party recognized in the past accounting period. Investors are cautioned to consider this information carefully and await the finalized interim results due by 31 August 2024.
For further insights into HK:0952 stock, check out TipRanks’ Stock Analysis page.
