REF Holdings Anticipates Significant Profit Drop

REF Holdings Limited (HK:1631) has released an update.

REF Holdings Limited has issued a profit warning, anticipating a 40-50% decrease in profit for the first half of 2024 compared to the same period last year, primarily due to reduced revenue and higher expected credit losses. The company is set to finalize and announce its unaudited financial results on August 20, 2024, the same day a board meeting is scheduled to discuss the results and consider an interim dividend. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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