Redco Healthy Living Company Limited (HK:2370) has released an update.
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Redco Healthy Living Company Limited has issued a profit warning, anticipating a significant drop in net profit for the first half of 2024, expected to not exceed RMB 9.0 million, compared to RMB 21.0 million in the same period of the previous year. The decrease is attributed to reduced revenue from value-added services and increased provision for impairment losses in the real estate sector. The company’s shares will remain suspended from trading as they work to meet the Resumption Guidance.
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