Guangdong Tannery Limited (HK:1058) has released an update.
Namyue Holdings Limited anticipates a significant reduction in net loss for the first half of 2024 by approximately 68% compared to the same period in 2023, dropping to not more than HK$7 million. The improvement is attributed to successful sales strategies and inventory provisioning leading to a gross profit, along with reduced administrative expenses due to lowered employee compensation. The company cautions shareholders and potential investors to exercise care when dealing with its shares.
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