SING LEE issued a profit warning, expecting a loss increase of approximately 40.6% for the fiscal year 2024
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SING LEE Software issued a profit warning, expecting a loss of approximately 40.6% for the fiscal year 2024, increasing from about 8.264 million yuan in 2023 to approximately 12 million yuan. The increase in loss is mainly due to a decrease in revenue from technical support services and software product sales. Despite facing losses, the board believes that the group's financial condition is sound, with sufficient cash resources, and remains optimistic about the outlook, continuing to review strategies to enhance business performance and shareholder returns
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