Town Health Anticipates Major Mid-Year Losses

Town Health International Medical Group Ltd. (HK:3886) has released an update.

Town Health International Medical Group Ltd. has issued a profit warning, anticipating a significant unaudited consolidated loss of HK$42.9 million to HK$52.4 million for the six months ending June 30, 2024. This expected loss contrasts sharply with the profit recorded in the same period of the previous year, largely due to increased fair value losses on investment properties, impairment losses on associates, and a fair value loss on financial assets. The company urges shareholders and potential investors to exercise caution when dealing with its shares.

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