Sterling Group Holdings Limited (HK:1825) has released an update.
Sterling Group Holdings Limited has issued a profit warning, anticipating a net loss of HK$16 to HK$20 million for the year ended 31 March 2024, primarily due to a significant expected credit loss on trade receivables and increased finance costs amid higher interest rates. The Group would have expected a net profit if not for the credit loss provision. Investors are urged to exercise caution when dealing with the company’s shares as the final results are yet to be audited.
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