EverChina Forecasts Significant Annual Loss

EverChina Int’l Holdings Company Ltd (HK:0202) has released an update.

EverChina Int’l Holdings Company Limited has issued a profit warning, anticipating a loss of over HK$300 million for the fiscal year ending 31 March 2024, a notable increase from the previous year’s loss. This loss is largely due to significant impairment losses on mining rights and a decrease in the fair value of investment properties, neither of which affect the company’s cash flow. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.

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