Eminence Enterprise Forecasts Major Annual Loss

Eminence Enterprise Limited (HK:0616) has released an update.

Eminence Enterprise Limited has issued a profit warning for the year ended 31 March 2024, anticipating a significant net loss of no less than HK$200 million, in stark contrast to the previous year’s net profit of HK$63.6 million. The loss is primarily due to increased losses in investment property values, write-downs on development properties, and heightened finance costs. Shareholders and potential investors are advised to exercise caution and await the final annual results expected by 30 June 2024.

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