SHUNTEN INTL issued a profit warning, expecting an annual loss attributable to shareholders of approximately HKD 33 million to approximately HKD 39 million, a year-on-year turnaround from profit to loss
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SHUNTEN INTL issued a profit warning, expecting a shareholder loss of approximately HKD 33 million to HKD 39 million for the year ending March 31, 2025, compared to a shareholder profit of approximately HKD 600,000 for the same period in 2024. The board pointed out that the loss is mainly due to a weak local retail market, declining consumer sentiment in Hong Kong and Macau, weakened spending power of travelers, and a decrease in the fair value of investment properties
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