Extrawell Pharmaceutical Holdings Limited (HK:0858) has released an update.
Extrawell Pharmaceutical Holdings Limited has issued a profit warning, alerting shareholders and potential investors that the company anticipates a significant loss for the financial year ending March 31, 2024, in contrast to the previous year’s profit. The forecasted loss is estimated between HK$160 million and HK$165 million, mainly due to a non-cash loss from the fair value change of convertible bond investments. Investors are urged to exercise caution when dealing in the company’s shares.
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