Winfull Group Expects Major Loss Increase

Winfull Group Holdings Limited (HK:0183) has released an update.

Winfull Group Holdings Limited has issued a profit warning, anticipating a substantial rise in losses for the year ending June 30, 2024, estimated to be between HK$220 million to HK$250 million, compared to a HK$69 million loss the previous year. The increased losses are attributed to fair value loss on investment properties, write-downs of properties held for trading, and impairment loss of leasehold properties. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

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