SHEEN TAI Holdings Issues Profit Warning, Anticipates Widening Net Loss After Tax
Stock News
Mar 27
SHEEN TAI Holdings (01335) has announced that the group expects to record a loss from continuing operations of not more than approximately HK$75 million for the year ending December 31, 2025 (the reporting period). This compares to a loss from continuing operations of approximately HK$30 million in the corresponding period of 2024. According to the announcement, the group attributes the anticipated increase in the net loss after tax for the reporting period primarily to a fair value loss on a receivable convertible loan and impairment losses on trade receivables and other receivables. The final amounts will be subject to professional assessment by independent appraisers.
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