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Sheung Yue Group Holdings Limited ( (HK:1633) ) has provided an announcement.
Sheung Yue Group Holdings Limited has issued a profit warning, indicating a significant financial downturn for the year ending March 31, 2025. The company anticipates a net loss of approximately HK$9.7 million, contrasting with a net profit of HK$4.3 million from the previous year. This decline is attributed to reduced revenue, a drop in gross profit margins, and an impairment loss on right-of-use assets. The financial results are still being finalized and have not been audited, urging shareholders and potential investors to exercise caution.
More about Sheung Yue Group Holdings Limited
Average Trading Volume: 287,076
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$38.35M
For a thorough assessment of 1633 stock, go to TipRanks’ Stock Analysis page.