Hao Tian Group Anticipates Substantial Annual Loss

Hao Tian International Construction Investment Group Limited (HK:1341) has released an update.

Hao Tian International Construction Investment Group Limited has issued a profit warning, indicating an anticipated loss of approximately HK$551 million for the year ended 31 March 2024, a significant downturn from the HK$108 million profit in the previous year. The expected loss is largely due to increased fair value losses on financial assets and liabilities, as well as a higher share of loss from an associate company. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.

For further insights into HK:1341 stock, check out TipRanks’ Stock Analysis page.