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Ares Asia Limited ( (HK:0645) ) has issued an announcement.
Ares Asia Limited has issued a profit warning, indicating that the company expects to record a loss of not less than US$2.30 million for the financial year ending March 31, 2025, compared to a loss of US$1.27 million in the previous year. The increase in loss is primarily due to impairment losses on trade and other receivables, estimated at approximately US$1 million, under the expected credit loss model. This announcement highlights potential financial challenges for the company and advises shareholders and potential investors to exercise caution when dealing with its shares.
More about Ares Asia Limited
Average Trading Volume: 161,411
Technical Sentiment Signal: Sell
Current Market Cap: HK$65.69M
See more insights into 0645 stock on TipRanks’ Stock Analysis page.