Trendzon Holdings Group Limited (HK:1865) has released an update.
Trendzon Holdings Group Limited, a Cayman Islands-based company listed under stock code 1865, has issued a profit warning for the year ended March 31, 2024, anticipating a net loss of S$12.0 million, significantly higher than the previous year’s S$2.1 million loss. Key factors contributing to this increased loss include higher share-based payment expenses, increased wages due to more employees, an impairment loss on assets, and reduced agency income, despite a slight growth in gross profit. The company advises shareholders and potential investors to exercise caution when dealing with its securities and to look out for the final annual results to be published in June 2024.
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