Lai Sun Garment (International) (DE:LAI3) has released an update.
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Lai Sun Garment (International) Limited has issued a profit warning to shareholders and potential investors, anticipating a consolidated loss of HK$2,060 million to HK$2,280 million for the year ended 31 July 2024. This expected loss, which is an increase from the prior year’s HK$1,665 million, is largely due to a decrease in the fair value of its investment properties and increased losses from joint ventures. Investors are advised to exercise caution when dealing in the company’s shares.
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