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Great Harvest Maeta Holdings Issues Profit Warning Amid Increased Losses

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Great Harvest Maeta Holdings Issues Profit Warning Amid Increased Losses

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Great Harvest Maeta Holdings Limited ( (HK:3683) ) has shared an announcement.

Great Harvest Maeta Holdings Limited has issued a profit warning, indicating an expected net loss of at least US$10.3 million for the fiscal year ending March 2025, a significant increase from the previous year’s loss of US$6.8 million. This increase is attributed to a drop in gross profit, impairment losses on property, plant, and equipment due to decreased vessel values, and adjustments related to convertible bonds. The final financial results are yet to be confirmed, and stakeholders are advised to exercise caution.

More about Great Harvest Maeta Holdings Limited

Great Harvest Maeta Holdings Limited operates in the maritime industry, focusing on shipping services. The company is involved in the ownership and operation of vessels, providing maritime transportation services.

Average Trading Volume: 136,847

Technical Sentiment Signal: Sell

Current Market Cap: HK$112.4M

Learn more about 3683 stock on TipRanks’ Stock Analysis page.

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