SANVO Fine Chemicals Reports Major Profit Drop

SANVO Fine Chemicals Group Limited (HK:0301) has released an update.

SANVO Fine Chemicals Group Limited has issued a profit warning, announcing a significant decrease of about 95.8% in profit attributable to owners for the first half of 2024 compared to the same period in 2023. The downturn is attributed to increased staff costs and higher marketing expenses. Investors are cautioned that these preliminary results have not been audited and to look out for the detailed interim results due in late August 2024.

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