Integrated Waste Solutions Forecasts Sharper Losses

Integrated Waste Solutions Group Holdings Limited (HK:0923) has released an update.

Integrated Waste Solutions Group Holdings Limited has issued a profit warning indicating an expected increase in losses for FY2024 by approximately 60% to 70% compared to the previous year, primarily due to impairment losses on joint venture interests and increased losses from an associate. The company’s management is in the process of finalizing the year’s financial results, which have yet to be audited, and advises shareholders and potential investors to exercise caution when dealing with the company’s shares.

For further insights into HK:0923 stock, check out TipRanks’ Stock Analysis page.