Wan Kei Group Holdings Limited (HK:1718) has released an update.
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Wan Kei Group Holdings Limited has issued a profit warning, anticipating a significant net loss of not less than HK$11 million for the six months ending September 2024, compared to a net profit of approximately HK$18.37 million in the same period last year. This downturn is primarily due to impairment losses on financial and contract assets and increased operational expenses as the company expands its business. Investors are advised to approach the company’s securities with caution.
For further insights into HK:1718 stock, check out TipRanks’ Stock Analysis page.