Shougang Concord Grand (Group) Limited (HK:0730) has released an update.
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Capital Industrial Financial Services Group Limited has issued a profit warning, anticipating a 24% decrease in profit for the first half of 2024 compared to the previous year, with expected profits around HK$17.0 million. The decline is mainly due to higher administrative staff costs and a decrease in the fair value of investment properties. Investors are urged to exercise caution when dealing in the company’s shares.
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