Lippo China Resources Anticipates Increased Losses

Lippo China Resources Limited (HK:0156) has released an update.

Lippo China Resources Limited has issued a profit warning, expecting a net fair value loss of at least HK$50 million for the first half of 2024, a decrease from the net fair value gain of HK$29 million in the same period of the previous year. Consequently, the group anticipates a consolidated loss of no less than HK$120 million, doubling the HK$59 million loss from the previous year’s first half. The company advises shareholders and potential investors to be cautious when trading its shares.

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