Radiance Holdings (Group) Company Limited (HK:9993) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Radiance Holdings (Group) Company Limited warns of a significant net loss for the first half of 2024, estimating a loss between RMB1,500 million to RMB2,200 million in contrast to a RMB500 million profit in the same period last year. The company attributes the downturn to low-profit projects and impairment losses on properties and assets. Investors are cautioned to await the finalized interim results while exercising care in dealing with the company’s securities.
For further insights into HK:9993 stock, check out TipRanks’ Stock Analysis page.