Sandmartin International Holdings Limited (HK:0482) has released an update.
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Sandmartin International Holdings Limited has issued a profit alert indicating a significant financial turnaround with an expected net profit of HK$1,900,000 for the first half of 2024, in stark contrast to the net loss of HK$46,892,000 in the same period last year, largely due to the increased fair value of its investment properties. The company cautions that these preliminary figures are based on unaudited accounts and may be subject to change. Investors are advised to exercise caution when dealing in the company’s shares.
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