Huscoke Holdings Limited (HK:0704) has released an update.
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Huscoke Holdings Limited has issued a profit warning indicating an anticipated loss of approximately HK$34 million for the year ended 31 March 2024, a stark contrast to the HK$1250 million profit from the previous year. This downturn is attributed to operational delays due to policy-mandated shutdowns and construction setbacks, as well as the absence of one-time income from asset disposals that boosted the prior year’s profits. Shareholders and investors are urged to exercise caution and await the final results to be published by the end of June 2024.
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