Rich Goldman Anticipates Increased Annual Loss

Rich Goldman Holdings Limited (HK:0070) has released an update.

Rich Goldman Holdings Limited has issued a profit warning, alerting shareholders and potential investors that it anticipates a loss of approximately HK$49 million for the financial year 2024, a significant increase from the previous year’s HK$7 million loss. Despite a revenue increase, the loss has been attributed to higher provisions for impairment and write-offs of receivables, as well as increased fair value losses on investment properties. The company cautions that these are preliminary figures and advises shareholders and potential investors to exercise caution when dealing with its shares.

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