HANG TAI YUE GP issues a profit warning, expecting an annual loss of no less than HKD 78 million, turning from profit to loss year-on-year
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HANG TAI YUE GP issued a profit warning, expecting an annual loss of no less than HKD 78 million for the year ending December 31, 2024, a significant turnaround from a profit of HKD 12.452 million in the same period of 2023. The loss is mainly due to the absence of the HKD 72.145 million gain from the sale of subsidiaries recognized in 2023, as well as a fair value loss on financial assets of no less than HKD 25 million recognized in 2024
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