Herald Holdings Limited (HK:0114) has released an update.
Herald Holdings Limited anticipates a net loss of HK$5 million to HK$15 million for the fiscal year ending March 31, 2024, a stark contrast to the previous year’s net profit of HK$82.3 million. The forecasted loss is attributed to decreased customer demand, reduced retailer inventory, absence of property disposal gains, and valuation losses on investment properties. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.
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