TAT HONG EQUIP issued a profit warning, with a loss attributable to shareholders of HKD 115 million to HKD 125 million, a year-on-year increase
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According to the Zhitong Finance APP, TAT HONG EQUIP announced that the group expects to incur a loss attributable to equity holders of the company ranging from RMB 115 million to RMB 125 million, compared to a loss of approximately RMB 95.6 million for the year ended March 31, 2024. The increase in net loss is mainly due to a slowdown in economic growth and a decline in revenue caused by a weak construction market; and adjustments to deferred tax items leading to an increase in income tax expenses
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