Tat Hong Equipment Service Co. Ltd. (HK:2153) has released an update.
Tat Hong Equipment Service Co., Ltd. has issued a profit warning, projecting a significant net loss of RMB30.0 million to RMB40.0 million for the six months ending September 2024, compared to a RMB20.4 million loss in the same period last year. This expected increase in losses is attributed to declining revenue due to sluggish economic growth and a weak construction sector. Investors are advised to exercise caution when dealing with the company’s shares.
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