Easyknit Expects Major Loss, Advises Shareholder Caution

Easyknit International Holdings Ltd (HK:1218) has released an update.

Easyknit International Holdings Limited has issued a profit warning, anticipating a consolidated net loss of over HK$400 million for the fiscal year ending March 2024, a stark contrast to the HK$29.9 million profit of the previous year. The loss is attributed to multiple factors, including write-downs on properties and increased finance costs. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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