Realord Group Holdings Limited ( (HK:1196) ) has shared an announcement.
Realord Group Holdings Limited has issued a profit warning, indicating an expected net loss of between HK$860 million and HK$890 million for FY2024, a significant downturn from the previous year’s profit of HK$76.7 million. The loss is attributed to factors such as impairment losses, interest expenses, and fair value losses on investment properties, despite some relief from income tax credits and exchange gains. The company is finalizing its audited financial results, with a full announcement expected by March 31, 2025.
More about Realord Group Holdings Limited
Realord Group Holdings Limited operates in various sectors including property investment, development and commercial operations, dismantling and trading of scrap materials, distribution of motor vehicle parts, financial services, and citizenship consultancy services in Grenada.
YTD Price Performance: -4.65%
Average Trading Volume: 1,696
Technical Sentiment Signal: Sell
Current Market Cap: €1.23B
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