Star Group Company Limited (HK:1560) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Star Group Asia Limited has issued a profit warning, anticipating a significant increase in losses for the six months ended June 30, 2024, amounting to roughly HK$219 million, compared to the previous year’s HK$30 million. The increased loss is primarily due to gross losses from property sales, a write-down of properties held for sale, and heightened finance costs. Shareholders and potential investors are cautioned to await the official interim results announcement due on August 29, 2024, before making any decisions.
For further insights into HK:1560 stock, check out TipRanks’ Stock Analysis page.