PERFECT OPT issued a profit warning, expecting a consolidated loss attributable to shareholders of approximately HKD 41 million to 46 million for the fiscal year 2024
PERFECT OPT issued a profit warning, expecting a consolidated loss attributable to shareholders of approximately HKD 41 million to HKD 46 million for the fiscal year 2024, a significant increase from approximately HKD 19.104 million in fiscal year 2023. The loss is mainly due to a fair value loss of approximately HKD 19.207 million from the investment in Outgoing Question Limited, a decrease in revenue, and a decline in gross profit
According to the announcement from PERFECT OPT (08311), it is expected that the group's losses for the year ending December 31, 2024, may significantly increase, with the comprehensive loss attributable to equity holders of the company for the fiscal year 2024 estimated to be between approximately HKD 41 million and HKD 46 million, compared to a comprehensive loss of approximately HKD 19.104 million attributable to equity holders of the company for the year ending December 31, 2023.
The anticipated comprehensive loss attributable to equity holders of the company for the fiscal year 2024, compared to the fiscal year 2023, is expected to increase significantly mainly due to the combined effects of the following factors: (i) an expected fair value loss of approximately HKD 19.207 million on financial assets measured at fair value through profit or loss for the fiscal year 2024 (i.e., the group's investment in Outbound Technology Co., Ltd. (02438)), compared to a fair value gain of approximately HKD 10.647 million on financial assets measured at fair value through profit or loss for the fiscal year 2023 (i.e., the group's investment in Outbound Technology Co., Ltd.); (ii) a decrease in the group's revenue for the fiscal year 2024 compared to the fiscal year 2023, leading to a reduction in the group's gross profit for the fiscal year 2024 compared to the fiscal year 2023; (iii) a decrease in the group's operating expenses for the fiscal year 2024 compared to the fiscal year 2023
