Tycoon Group Holdings Limited (HK:3390) has released an update.
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Tycoon Group Holdings Limited has alerted shareholders and potential investors to a projected net profit decline of over 75% for the first half of 2024, compared to the same period in the previous year. The company attributes this significant drop to the absence of certain one-off financial gains realized in 2023 and a general decrease in gross profit. The company’s interim results are still being finalized and have not been reviewed by auditors, with a detailed report to be published by the end of August 2024.
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