Blue River Holdings Limited (HK:0498) has released an update.
Blue River Holdings Limited anticipates a substantial reduction in losses to approximately HK$265 million for the fiscal year ending in March 2024, a marked improvement from the previous year’s HK$605 million loss. This positive shift is primarily due to the cessation of losses from discontinued operations, the disposal of certain loss-making subsidiaries, and the reversal of impairment losses on financial assets. Investors are advised to exercise caution and await the audited financial results due to be published on 26 June 2024.
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