Sun Hing Vision Group Holdings Limited (HK:0125) has released an update.
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Sun Hing Vision Group Holdings Limited has issued a profit warning, indicating a significant increase in expected losses for the six months ending September 2024, ranging between HK$10 million to HK$13 million, compared to a HK$2 million loss in the previous year. The anticipated losses are attributed to a decrease in gross profit margins due to intense industry competition and reduced other income, including lower bank interest and foreign exchange gains. Investors are advised to exercise caution as the company has not yet finalized its interim results.
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