BGMC International Issues Profit Warning Amid Increased Losses
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BGMC International Ltd. has issued a profit warning, expecting an unaudited net loss of RM48.9 million for the seventeen months ending August 31, 2025, compared to a RM1.2 million loss in the previous year. The increased loss is due to damages charges, reduced GST write-backs, impairment losses, and reduced profits from discontinued operations. This highlights significant financial challenges for the company, impacting shareholders and investors.
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