Sino-Ocean Service Holding Ltd. (HK:6677) has released an update.
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Sino-Ocean Service Holding Ltd. has issued a profit warning, revealing an expected profit drop for the first half of 2024, with profits estimated to be between RMB 56 million and RMB 62 million, a significant decrease from RMB 128.7 million in the previous year. The decline is attributed to the ongoing slump in the real estate market and the absence of one-off gains from joint venture disposals experienced last year. The company advises shareholders and potential investors to exercise caution when dealing with its securities.
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