
KADER HOLDINGS issued a profit warning, expecting a loss of approximately HKD 180 million to 200 million for the fiscal year 2024, an increase compared to the previous year

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According to the Zhitong Finance APP, KADER HOLDINGS announced that the group expects to incur a loss of approximately HKD 180 million to HKD 200 million for the year ending December 31, 2024, compared to a loss of approximately HKD 73 million for the year ending December 31, 2023. The loss is mainly due to a decrease in revenue, foreign currency depreciation leading to exchange losses, and losses from the revaluation of investment properties
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