Poly Property Group Anticipates Profit Decline

Poly Property Group Co (HK:0119) has released an update.

Poly Property Group Co., Limited warns of a 41% drop in profit for the first half of 2024 compared to the same period last year, largely due to decreased property sales and shrinking gross profit margins amid market downturns. The company cautions shareholders and potential investors to be prudent when dealing with its shares, noting that the current financial figures are preliminary and subject to change upon final review.

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