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Reliance Global Holdings Limited ( (HK:0723) ) has provided an announcement.
Reliance Global Holdings Limited has issued a profit warning, indicating an expected net loss of up to HK$28 million for the fiscal year ending March 2025, significantly higher than the previous year’s loss. The increased loss is attributed to weak market performance in China’s real estate industry affecting the timber supply chain, as well as reduced revenue and impairment losses in the money lending sector. The company is finalizing its annual results, with further details to be released on June 27, 2025.
More about Reliance Global Holdings Limited
Reliance Global Holdings Limited operates primarily in the timber supply chain and money lending sectors. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 2,399,859
Technical Sentiment Signal: Sell
Current Market Cap: HK$199.1M
See more insights into 0723 stock on TipRanks’ Stock Analysis page.