Huabao International Holdings (HK:0336) has released an update.
Huabao International Holdings Limited has issued a profit warning, indicating a significant anticipated decrease in net profit before tax of approximately 59% to 75% for the first half of 2024 compared to the previous year, primarily due to non-cash expenses related to impairments and provisions. This preliminary financial information, including a goodwill impairment and other factors, is subject to change upon further review, with detailed interim results to be published by the end of August 2024. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
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