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REF Holdings Limited ( (HK:1631) ) has shared an update.
REF Holdings Limited has issued a profit warning, indicating a significant decrease of at least 50% in profits for the year ending December 31, 2024, compared to the previous year. This decline is attributed to reduced revenue, increased share-based payment expenses, and higher provisions for expected credit losses. The company is still finalizing its financial results, which are yet to be audited. The board meeting scheduled for March 6, 2025, will discuss these results and consider any potential dividends.
More about REF Holdings Limited
REF Holdings Limited, incorporated in the Cayman Islands, operates in the finance industry, providing a range of financial services. The company is publicly traded on the Stock Exchange of Hong Kong, focusing on profit generation through its various subsidiaries.
YTD Price Performance: 5.91%
Average Trading Volume: 146,363
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$59.65M
For a thorough assessment of 1631 stock, go to TipRanks’ Stock Analysis page.