Wharf (Holdings) (HK:0004) has released an update.
The Wharf (Holdings) Limited has issued a profit warning, expecting to report a loss of HK$2,500 million to HK$2,800 million for the first half of 2024, a stark contrast to the HK$696 million profit from the same period the previous year. Despite the anticipated losses, primarily due to a revaluation deficit of investment properties, the company maintains that its overall financial health is stable. Shareholders and potential investors are urged to be cautious when trading the company’s shares.
For further insights into HK:0004 stock, check out TipRanks’ Stock Analysis page.
