LOCO HK issues a profit warning, expecting net profit attributable to shareholders to be no less than HKD 30 million
LOCO HK expects that the net profit attributable to shareholders for the fiscal year 2024 will not be less than HKD 30 million, representing significant growth compared to HKD 17.38 million in the fiscal year 2023. The growth is mainly driven by the stable increase in revenue from the group's metal trading, supply chain, and bulk commodity trading businesses in Hong Kong and the mainland
According to the announcement from LOCO HK (08162), the group expects to achieve a net profit attributable to the company's owners of not less than HKD 30 million for the fiscal year 2024, compared to a net profit of approximately HKD 17.38 million attributable to the company's owners for the year ending December 31, 2023, representing significant growth. This expected growth is primarily based on the stable and continuous increase in core business revenue from the group's metal trading, metal supply chain business, and commodity trading in Hong Kong, mainland China, and internationally
