HUAXIHOLDINGS issued a profit warning, expecting the loss attributable to shareholders for the fiscal year 2024 to expand year-on-year to approximately HKD 100 million to HKD 122 million
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HUAXIHOLDINGS issued a profit warning, expecting the loss attributable to shareholders for the fiscal year 2024 to expand to approximately HKD 100 million to HKD 122 million, compared to a loss of approximately HKD 41 million for the fiscal year 2023. The increase in losses is mainly due to impairment of financial and contract assets, increased losses in environmental and ecological restoration business, as well as a decrease in sales revenue from cigarette packaging products caused by intensified market competition and a decline in demand from major customers
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