[Corporate Profit Warning] MILLIONHOPE IND expects mid-term profits to drop by up to 95%
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According to a report from Economic News Agency on the 6th, MILLIONHOPE IND announced that it expects its interim profit for the period ending September 30 to decrease by 80% to 95% year-on-year. The group stated that the decline in profit is due to delays or suspensions of certain projects, as well as a significant drop in revenue caused by the downturn in the property and construction market. The group expects to announce its results next Tuesday (11th). (wh)
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