"Profit Warning" KONTA CHINA expects half-year losses to expand to at least 283 million yuan

KONTA CHINA (01312.HK) issued a profit warning, expecting a net loss of between HKD 283 million and HKD 346 million for the six months ending in June, compared to a profit of HKD 4.5 million in the same period last year. The increase in losses is mainly due to the anticipated impact of impairment losses, compounded by a decline in revenue and gross profit in the pharmaceutical division due to intensified market competition