Ever Harvest Group Forecasts Major Loss Amid Tax Audit

Ever Harvest Group Holdings Limited (HK:1549) has released an update.

Ever Harvest Group Holdings Limited projects a net loss of around HK$9.2 million for the first half of 2024, a significant downturn from the HK$6.4 million profit in the same period last year. This decline is attributed to decreased demand for the company’s shipping services and increased tax expenses following an audit. The Group has received tax notices resulting in additional charges and penalties totalling approximately HK$11.9 million, which will be fully settled as required.

For further insights into HK:1549 stock, check out TipRanks’ Stock Analysis page.