Silver Grant International Holdings Group (DE:YSG) has released an update.
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Silver Grant International Holdings Group Limited has issued a profit warning, indicating an expected loss for the first half of 2024 ranging from HK$290 million to HK$320 million, a significant increase from the HK$94.26 million loss in the same period of 2023. The anticipated loss is mainly due to reduced interest income from loan receivables and the poor performance of its joint venture in the petrochemical industry. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
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