Ka Shui Anticipates Increased H1 2024 Net Loss

Ka Shui International Holdings Limited (HK:0822) has released an update.

Ka Shui International Holdings Limited has issued a profit warning, expecting to report a net loss not exceeding HK$53.0 million for the first half of 2024, a significant increase from the HK$21.7 million loss in the same period of 2023. Despite higher turnover, the anticipated loss is due to increased production costs, particularly at their new Mexico plant, higher expenses for business development, and a strategic shift in product mix that reduced gross profit margins. The company is implementing efficiency measures and leveraging its ‘China Plus One’ strategy to diversify markets and reduce geopolitical risks, with full interim results to be published in late August 2024.

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