Thelloy Development Group Faces Anticipated Financial Loss

Thelloy Development Group Limited (HK:1546) has released an update.

Thelloy Development Group Limited has issued a profit warning, expecting a net loss of up to HK$14 million for the six months ending September 2024, compared to a marginal profit in the previous period. The anticipated loss is attributed to rising direct and finance costs, including increased subcontracting expenses and higher interest rates on bank borrowings. Investors are advised to exercise caution as the interim results are yet to be finalized.

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