Tian Tu Capital Predicts Sharp Rise in Losses
Company Announcements

Tian Tu Capital Predicts Sharp Rise in Losses

Tian Tu Capital Co., Ltd. Class H (HK:1973) has released an update.

Tian Tu Capital Co., Ltd. has issued a profit warning, anticipating a significant net loss for the first half of 2024, estimated between RMB710.0 million to RMB760.0 million, a substantial increase from the previous year. The loss is primarily attributed to a decrease in the fair value of their investment portfolio and poor performance of consumer sector companies. Shareholders and potential investors are cautioned to consider the company’s forthcoming interim results announcement with care.

For further insights into HK:1973 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App