State Energy Group International Assets Holdings Limited (HK:0918) has released an update.
Majestic Dragon AeroTech Holdings Limited has issued a profit warning, forecasting a significant increase in net losses for the first half of 2024, amounting to between HK$15 million and HK$17 million, compared to a loss of HK$2.1 million in the same period last year. The company attributes this downturn to a drop in revenue and rising selling, distribution, and administrative expenses. Investors and shareholders are advised to await the detailed interim results announcement expected by the end of November 2024.
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