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Glory Sun Financial Group Limited ( (HK:1282) ) has issued an announcement.
Renze Harvest International Limited, along with its subsidiaries, has issued a profit warning for the fiscal year ending December 31, 2024. The company anticipates a significant financial downturn, projecting a loss of at least HK$319,590,000, a stark contrast to the profit of approximately HK$55,281,000 reported in the previous year. This expected loss is primarily attributed to a fair value loss on investment properties and a write-down of property inventories. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about Glory Sun Financial Group Limited
Technical Sentiment Signal: Buy
Current Market Cap: €30.34M
See more data about 1282 stock on TipRanks’ Stock Analysis page.