Hung Hing Printing Expects Mid-Year Loss

Hung Hing Printing Group Limited (HK:0450) has released an update.

Hung Hing Printing Group Limited has issued a profit warning, alerting shareholders and potential investors that the company is expected to post a loss of approximately HK$4 million for the six-month period ending 30 June 2024. This projected loss contrasts sharply with the HK$82 million profit reported in the same period the previous year, primarily due to the absence of a one-off income of HK$90 million from land resumption in Wuxi, China, that had boosted earnings last year. The company advises caution in share dealings and anticipates publishing the interim results by the end of August 2024.

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