i-Control Holdings Projects Increased Net Loss

i-Control Holdings Limited (HK:1402) has released an update.

i-Control Holdings Limited has issued a profit warning, anticipating a net loss of HK$14.0 million to HK$18.0 million for the period ending September 2024, which is significantly higher than the previous year’s loss. The expected loss is attributed to an impairment on a loan to an investee, reduced gross operating profit, and the loss on disposal of certain subsidiaries. Shareholders and investors are cautioned to consider this preliminary information carefully, as the final results, due in November 2024, may be subject to adjustments.

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