Tai United Holdings (HK:0718) has released an update.
Tai United Holdings Limited has issued a profit warning, anticipating a significant loss before tax for the first half of 2024, estimated between HK$240 million to HK$280 million. This forecasted loss, a substantial reduction compared to the previous year’s HK$773 million loss, is largely due to decreased property values, financial guarantee provisions, and finance costs related to a new shopping mall acquisition. Investors are advised to await the detailed results announcement by the end of August 2024 and to exercise caution when dealing with the company’s shares.
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