Super Hi International Holding Ltd. (HK:9658) has released an update.
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Super Hi International Holding Ltd. has issued a profit warning, alerting shareholders and potential investors to an anticipated net loss of US$4-5 million for the first half of 2024, in contrast to a net profit of US$3.4 million in the corresponding period of 2023. Despite the forecasted loss, primarily attributed to foreign exchange losses, the company reports a revenue increase of approximately 14.2% to over US$370 million, with stable operational performance and improved restaurant turnover rates. Investors are advised to exercise caution when dealing in the company’s shares.
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