Regal Partners Forewarns Significant Net Loss

Morris Home Holdings Limited (HK:1575) has released an update.

Regal Partners Holdings Limited, previously known as Morris Home Holdings Limited, has issued a profit warning, indicating a substantial net loss of RMB92.3 million for the first half of 2024, a significant increase from the previous year’s loss. The loss is mainly due to a one-time provision for debts from related companies and increased export operating expenses, exacerbated by geopolitical issues. The company cautions shareholders and potential investors to exercise care, noting that the final interim results are yet to be published.

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