"Profit Warning" STARLITE HOLD estimates annual performance loss not exceeding 28 million yuan

STARLITE HOLD (00403.HK) issued a profit warning, expecting a loss of no more than HKD 28 million for the fiscal year ending in March, compared to a profit of HKD 17 million in the previous year. This is mainly due to the increased tariffs imposed by the U.S. government, which led to a decrease in orders from U.S. customers, offsetting the positive impact of strengthened cost control; increased promotional costs and the expansion of online and offline sales networks; and provisions for impairment losses on investment properties