Shing Chi Holdings Reports Increased Expected Net Loss

Ri Ying Holdings Ltd. (HK:1741) has released an update.

Shing Chi Holdings Limited has issued a profit warning, anticipating a significant increase in net loss to around HK$12.0 million for the year ending September 2024, compared to a HK$2.6 million loss the previous year. The company attributes this rise to decreased revenue and impairment losses, although gains from the disposal of certain subsidiaries provided some relief. Investors are advised to handle the company’s shares with caution as final results are pending.

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