Peking University Resources Holdings Co. Ltd. (HK:0618) has released an update.
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Peking University Resources Holdings Co. Ltd. has issued a profit warning, expecting a significant loss of RMB1,200 million to RMB1,500 million for the six months ending September 2024, compared to a profit in the same period last year. The loss is attributed to a decline in property development profits, inventory impairments, and ongoing legal liabilities. Investors are advised to exercise caution when dealing with the company’s securities.
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