Wharf (Holdings) (HK:0004) has released an update.
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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.
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