Radiance Holdings Forecasts Major Mid-Year Loss

Radiance Holdings (Group) Company Limited (HK:9993) has released an update.

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.

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