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