Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited Class H (HK:1379) has released an update.
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Wenling Zhejiang Measuring & Cutting Tools Trading Centre Company Limited has issued a profit warning, anticipating a significant drop in net profit for the first half of 2024, ranging between RMB 10.0 million to RMB 14.0 million. This decline is mainly due to a lack of property sales and increased valuation losses on investment properties. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
For further insights into HK:1379 stock, check out TipRanks’ Stock Analysis page.