IWS issued a profit warning, expecting the loss attributable to shareholders in 2025 to increase by approximately 95% to 104% year-on-year
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IWS issued a profit warning, expecting that the loss attributable to shareholders for the fiscal year 2025 will increase by approximately 95% to 104% year-on-year. As of March 31, 2024, the loss attributable to shareholders is approximately HKD 64.7 million. The increase in loss is mainly due to impairment provisions made for the carrying value of equity in a joint venture involved in hazardous waste treatment projects in mainland China, which has been severely impacted by adverse market conditions and overcapacity, leading to intense competition in processing fees that significantly affects profitability and liquidity
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