Tailam Tech Construction Holdings Limited (HK:6193) has released an update.
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Tailam Tech Construction Holdings Limited has issued a profit warning, anticipating a consolidated loss of about RMB4.2 million for the first half of 2024, a stark downturn from its profit of RMB1.7 million in the same period the previous year. The company attributes the anticipated loss to a slump in the construction and property market, project delays from high-value clients, and fierce industry competition. Investors are advised to exercise caution and await the official interim results due by the end of August 2024.
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