Glory Sun Financial Group Limited (HK:1282) has released an update.
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Renze Harvest International Limited has issued a profit warning, anticipating a loss of up to HK$145 million for the first half of 2024, a stark contrast to the HK$628 million profit from the same period the previous year. The expected loss is mainly due to impairment losses on financial assets, losses from the disposal of assets, and the absence of a one-off gain experienced last year. Investors are cautioned to exercise care when trading the company’s shares as the final interim results are yet to be confirmed.
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