Rimbaco Group Announces Unexpected Loss

Rimbaco Group Global Limited (HK:1953) has released an update.

Rimbaco Group Global Limited has issued a profit warning, indicating an expected net loss of not less than RM3.0 million for the first half of 2024, a stark contrast to the RM8.2 million profit from the same period last year. The anticipated loss is due to potential reduced scope on a project and higher project completion costs. Shareholders and potential investors are urged to exercise caution and seek professional advice when dealing with the company’s shares.

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