Theme International Expects Sharp Profit Drop

Theme International Holdings Limited (HK:0990) has released an update.

Theme International Holdings Limited has issued a profit warning, anticipating a significant decrease of approximately 66%, or HK$572 million, in net profits for the first half of 2024 compared to the same period in 2023. This decline is attributed to lower profit margins in distribution and trading, absence of gains on financial assets, and suspected fund misappropriation in a subsidiary. The company urges caution to shareholders and investors when dealing in its shares.

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