Radiance Holdings (Group) Company Limited (HK:9993) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.