REM Group (Holdings) Ltd. (HK:1750) has released an update.
REM Group (Holdings) Limited has issued a profit warning, expecting to announce a net loss of at least HK$2.8 million for the first half of 2024, in stark contrast to the net profit of HK$537,000 reported for the same period in 2023. This downturn is attributed to a significant decrease in revenue from sales orders and increased administrative costs, particularly staff expenses in Hong Kong. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
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