Yuk Wing Group Holdings Ltd. (HK:1536) has released an update.
Yuk Wing Group Holdings Ltd. has issued a profit warning, anticipating a significant net loss of not less than HK$22.5 million for the fiscal year ending March 31, 2024. This expected loss is a substantial increase from the previous year’s HK$3.6 million, attributed to lower revenue, profit margins in the rockdrilling tools and equipment segments, and increased fair value losses on financial assets. Shareholders and potential investors are urged to exercise caution and await the final audited annual results due by June 2024.
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