OKG Technology Anticipates Major Financial Loss

OKG Technology Holdings Limited (HK:1499) has released an update.

OKG Technology Holdings Limited warns of an anticipated loss of at least HK$35.0 million for the financial year ended March 2024, a stark contrast to the HK$43.5 million profit from the previous year. The shortfall is primarily attributed to a significant drop in revenues from the Group’s proprietary digital assets trading business. Investors are urged to exercise caution when dealing in the company’s shares, with final results to be disclosed on 27 June 2024.

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