Winfair Investment Forecasts Increased Annual Loss

Winfair Investment Co., Ltd. (HK:0287) has released an update.

Winfair Investment Company Limited has issued a profit warning, anticipating a year-end loss of HK$47 million to HK$53 million for 2024, marking a substantial increase from the previous year’s HK$36 million loss. This projected decline is attributed mainly to fair value losses in investment properties and equity instruments. Shareholders and potential investors are urged to exercise caution when dealing with the company’s shares.

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