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The latest update is out from Zhuguang Holdings Group Co., Ltd. ( (HK:1176) ).
Zhuguang Holdings Group Co., Ltd. has issued a profit warning, indicating a significant increase in losses for the fiscal year ending December 2024. The company expects a loss of no less than HK$3 billion, compared to a loss of approximately HK$871 million in the previous year. This increase is attributed to higher impairment of financial assets, increased expenses related to borrowing and property impairments, a decline in the fair value of investment properties, and reduced revenue from project management services. Trading in the company’s shares has been suspended pending the release of the annual results.
More about Zhuguang Holdings Group Co., Ltd.
YTD Price Performance: -26.67%
Average Trading Volume: 3,829,413
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$584.1M
For detailed information about 1176 stock, go to TipRanks’ Stock Analysis page.