Adtiger Corporations Limited (HK:1163) has released an update.
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Adtiger Corporations Limited, a Cayman Islands-based company, has issued a profit warning indicating an expected net loss of RMB 4-6 million for the first half of 2024, a significant downturn from the RMB 5.4 million net profit reported in the same period the previous year. The company attributes this decline to strategic pricing adjustments aimed at boosting market share amid a challenging global economic climate and increased competition. Shareholders and potential investors are advised to exercise caution and await the publication of the official interim results announcement by the end of August 2024.
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