Raffles Interior Limited Issues Profit Warning for FY2024

Raffles Interior Ltd. ( (HK:1376) ) has shared an update.

Raffles Interior Limited has issued a profit warning for the fiscal year ending December 31, 2024, anticipating a loss after tax of up to S$5.0 million, compared to a net profit of approximately S$1.4 million in the previous year. The anticipated loss is attributed to the discontinued operation of soft drink sales, fair value losses from revaluation of derivative liabilities and financial assets, and imputed interest on convertible bonds. The company is finalizing its financial results, and shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

More about Raffles Interior Ltd.

Raffles Interior Limited is a company incorporated in the Cayman Islands, operating in the interior design and construction industry. The company is listed on the Hong Kong Stock Exchange and focuses on providing interior solutions and services.

YTD Price Performance: -61.63%

Average Trading Volume: 822,080

Technical Sentiment Signal: Buy

Current Market Cap: HK$66M

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