IWS issued a profit warning, expecting the annual loss attributable to shareholders to increase by approximately 650%
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IWS issued a profit warning, expecting the annual loss attributable to shareholders for the year ending March 31, 2025, to increase by approximately 650%, significantly higher than the loss of about HKD 64.7 million for the year 2024. The main reasons for the increase in loss include impairment provisions for equity in a joint venture invested in hazardous waste treatment projects in mainland China, as well as impairment provisions for the group's properties, plants, and equipment located in Tseung Kwan O
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