Ganglong China Property Group Limited (HK:6968) has released an update.
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Ganglong China Property Group Limited anticipates a loss for the first half of 2024, signaling a stark downturn from the profits recorded in the same period of 2023. The expected losses, including both attributable loss to owners and comprehensive expenses, are primarily due to decreased customer contracts and a general decline in gross profit margins amid challenging market conditions. Investors are urged to exercise caution when trading the company’s shares as the final financial results are yet to be audited.
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