Zhuguang Holdings Group Co., Ltd. (HK:1176) has released an update.
Zhuguang Holdings Group Co., Ltd. warns of a significant loss of no less than HK$750 million for the first half of 2024, a considerable drop from the HK$66.92 million loss in the same period the previous year. The decline is primarily due to reduced revenue from project management services, a loss in fair value of investment properties, and increased other expenses. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
For further insights into HK:1176 stock, check out TipRanks’ Stock Analysis page.