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LFG Investment Holdings Issues Profit Warning with Expected HK$30 Million Loss

Story Highlights
  • LFG Investment Holdings expects a net loss of at least HK$30 million for the year ending March 2025.
  • The loss is due to negative investment fund revenue, decreased financial services revenue, and credit losses.
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LFG Investment Holdings Issues Profit Warning with Expected HK$30 Million Loss

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LFG Investment Holdings Limited ( (HK:3938) ) just unveiled an announcement.

LFG Investment Holdings Limited has issued a profit warning, indicating an expected net loss of not less than HK$30.0 million for the year ending 31 March 2025. This anticipated loss is attributed to negative revenue from an investment fund, decreased revenue from its core financial services, and expected credit losses on accounts receivable. The company advises shareholders and potential investors to exercise caution when dealing with its shares, as the results are still being finalized.

More about LFG Investment Holdings Limited

LFG Investment Holdings Limited is a company incorporated in the Cayman Islands, operating within the financial services industry. The company, along with its subsidiaries, offers corporate finance services, securities and underwriting services, and margin financing services.

Average Trading Volume: 244,642

Technical Sentiment Signal: Sell

Current Market Cap: HK$54.81M

For an in-depth examination of 3938 stock, go to TipRanks’ Overview page.

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