Yuan Heng Gas Holdings Ltd (HK:0332) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Yuan Heng Gas Holdings Ltd has issued a profit warning, anticipating a significant loss of approximately RMB117 million for the six months ending September 2024, contrasting with a previous profit of RMB26 million. The decline is attributed to losses from a discontinued operation, foreign exchange losses, and a substantial decrease in gross profit. Investors are advised to proceed with caution as the company finalizes its interim results.
For further insights into HK:0332 stock, check out TipRanks’ Stock Analysis page.