New Sparkle Roll International Group Limited (HK:0970) has released an update.
New Sparkle Roll International Group Limited has issued a supplemental profit warning, announcing an expected FY2024 loss of approximately HK$610 million, a significant increase from the previously stated HK$170 million. The higher anticipated loss is due to a substantial decrease in revenue and gross profit in the automotive sector, impairment of various assets, and changes in the fair value of investment properties. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.
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