Shunten International (Holdings) Ltd. (HK:0932) has released an update.
Shunten International (Holdings) Ltd. has issued a profit warning, indicating an expected significant drop in its consolidated results for the year ended March 31, 2024, with potential losses or minimal profits compared to the previous year’s substantial profits. Despite increased revenue, this downturn is due to factors such as decreased investment property values, higher rent and commission expenses, absence of government subsidies, and increased finance costs. The company assures stakeholders of ongoing healthy business conditions and is taking strategic measures to enhance its market position and optimize costs.
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