Teamway Expects Significant Mid-Year Losses

Teamway International Group Holdings Limited (HK:1239) has released an update.

Teamway International Group Holdings Limited anticipates an 80-90% increase in loss for the first half of 2024, mainly due to reduced sales of packaging products and a drop in gross profit margins. Warnings have been issued to shareholders and potential investors to exercise caution when dealing in company shares, with a board meeting scheduled for August 30, 2024, to discuss these interim results and potential dividend payments.

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