Summary by Moomoo AI
RITAMIX Limited has issued a profit warning, anticipating that the profit attributable to the company's equity holders for the year ending December 31, 2024, will decrease to no more than 6 million ringgit, a significant decline compared to approximately 11.4 million ringgit in the same period of 2023. The company expects to announce the audited consolidated financial results for the year on March 28, 2025.According to the preliminary evaluation by the Board of Directors, the decline in performance is mainly attributed to three factors: one of the subsidiaries failed to capitalize on additional project development expenses, weak market demand and intensified competition led to a decrease in sales, and there is a need to adjust the fair value of the group's equity shares without a Quote for impairment. The above data is based on unaudited consolidated management accounts, and the final actual performance may differ from the currently disclosed information.
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