ORIENTSEC INT issued a profit warning, expecting an annual loss attributable to equity holders of approximately HKD 214.2 million, a year-on-year turnaround from profit to loss
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According to the Zhitong Finance APP, ORIENTSEC INT announced that the group expects to incur a loss attributable to equity holders of approximately HKD 214.2 million for the fiscal year 2024/2025, while for the year ending March 31, 2024, it expects to achieve a profit attributable to equity holders of approximately HKD 3.4 million. The increase in the loss attributable to equity holders is mainly due to the recognition of impairment of receivable loans and interest of approximately HKD 196.7 million
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