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The latest update is out from Rich Goldman Holdings Limited ( (HK:0070) ).
Rich Goldman Holdings Limited has issued a profit warning, indicating an expected loss of not more than HK$105 million for the financial year ending June 2025, compared to a loss of approximately HK$49 million in the previous year. The increased loss is primarily due to a significant impairment loss on properties, an increase in fair value loss on investment properties, and a rise in provisions for impairment and write-off of loans receivable and interest receivables. These losses are partially offset by a gain from the disposal of a subsidiary. These factors are non-cash accounting treatments and do not affect the company’s operating cash flow.
More about Rich Goldman Holdings Limited
YTD Price Performance: 45.83%
Average Trading Volume: 600,561
Technical Sentiment Signal: Hold
Current Market Cap: HK$135.7M
See more data about 0070 stock on TipRanks’ Stock Analysis page.