Envision Greenwise Projects Increased Annual Loss

Golden Ponder Holdings Limited (HK:1783) has released an update.

Envision Greenwise Holdings Limited has issued a profit warning, anticipating a significant net loss of HK$80.0 million to HK$86.0 million for the year ended March 2024, compared to a net loss of HK$38.1 million from the previous year. The expected increase in loss is mainly due to higher construction costs, increased administrative expenses, and equity-settled share-based expenses. Shareholders and potential investors are cautioned to await the final results, due by the end of June 2024, before making any investment decisions.

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