"Profit Warning" LEADWAY TECH estimates a mid-term loss of 5.2 million yuan, turning from profit to loss

LEADWAY TECH (02086.HK) issued a profit warning, expecting a loss of approximately HKD 5.2 million for the six months ending in June, compared to a profit of HKD 2.1 million in the same period last year. The loss is mainly due to a decrease in total revenue of about 13.5%; an increase in employee costs; and a significant rise in administrative expenses