SHING CHI HLDGS issues a profit warning, expecting the annual net loss to expand year-on-year to no more than approximately HKD 12 million
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SHING CHI HLDGS issued a profit warning, expecting the annual net loss for the year ending September 30, 2024, to expand to no more than approximately HKD 12 million, a significant increase from approximately HKD 2.6 million in the same period of 2023. The increase in losses is mainly due to a decrease in revenue and gross profit, as well as impairment losses on properties, plants, and equipment. Part of the loss was offset by profits from discontinued operations, which originated from the proceeds of selling the subsidiary engaged in health management and consulting business
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