HKR International Anticipates FY2024 Losses

HKR International Limited (HK:0480) has released an update.

HKR International Limited has issued a supplemental profit warning, informing shareholders and potential investors of an anticipated loss of approximately HK$460 million for the fiscal year 2024. Despite the reported loss, the company expects a 35% increase in underlying profit for the same period, excluding non-recurring items. The official audited financial results are still being finalized and will be published on June 19, 2024, with a cautionary note for shareholders dealing in the company’s shares.

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