Sky Blue 11 Forecasts Substantial H1 Losses

Balk 1798 Group Limited (HK:1010) has released an update.

Sky Blue 11 Company Limited, previously known as Balk 1798 Group Limited, has issued a profit warning indicating an expected net loss of at least HK$12.0 million for the first half of 2024, a significant increase from the previous year’s loss, primarily due to a downturn in luxury goods demand affecting its yacht business. Shareholders and potential investors are cautioned to consider the preliminary nature of these figures, with final interim results to be published on August 30, 2024. The company advises caution when dealing with its securities in the meantime.

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