Hang Yick Holdings Predicts Fiscal Year Loss

Hang Yick Holdings Company Limited (HK:1894) has released an update.

Hang Yick Holdings Company Limited has issued a profit warning, anticipating a loss of HK$4.1 million for the fiscal year ending March 2024, a stark contrast to the HK$1.8 million profit from the previous year. The expected downturn is primarily due to an increase in credit losses and a revenue decline from projects nearing completion. Shareholders and potential investors are cautioned to be prudent when dealing with the company’s shares.

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