SUNRAY ENG GP issued a profit warning, expecting an annual net loss of no more than HKD 13.5 million
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SUNRAY ENG GP issued a profit warning, expecting a net loss of no more than HKD 13.5 million for the fiscal year 2025, with a loss of approximately HKD 800,000 for 2024. The loss is mainly due to the impairment provisions for trade receivables and contract assets expected to be between HKD 12.5 million and HKD 13.5 million, as debtors may default on payments due to financial difficulties, and increased warehouse and storage costs leading to higher sales and distribution costs
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