KA SHUI INT'L Holdings expects last year's loss to widen to no more than HKD 65 million
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KA SHUI INT'L Holdings (0822) expects that the annual net loss for the year ending December 31, 2024, will not exceed HKD 65 million, an increase from HKD 28.4 million in 2023. The increase in losses is mainly due to resource allocation for infrastructure improvements at the Mexico factory, overall cost increases, and a decline in gross profit margin. Nevertheless, the group anticipates that the turnover for the fiscal year 2024 will increase compared to 2023 and has begun to see returns from investments in emerging markets. The performance for the fiscal year 2024 is expected to be released by the end of March 2025
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