Kin Shing Holdings Ltd. (HK:1630) has released an update.
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Kin Shing Holdings Limited has issued a profit warning, anticipating a consolidated loss after tax of up to HK$43.8 million for the year ended March 31, 2024, a significant downturn from the previous year’s profit of HK$11.9 million. This loss is attributed to the lack of government wage subsidies, unrealized losses on trading securities, and provision of impairment losses. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
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