Sky Blue 11 Company Limited Issues Profit Warning Amid Increased Losses

An update from Balk 1798 Group Limited ( (HK:1010) ) is now available.

Sky Blue 11 Company Limited has issued a profit warning, anticipating a significant increase in losses for the year ended December 31, 2024, with expected losses of not less than HK$187 million compared to HK$46.4 million the previous year. The increased losses are attributed to a decline in yacht sales due to economic downturns, impairment losses on inventories and receivables, and higher interest expenses from new loans.

More about Balk 1798 Group Limited

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, operates in the yacht industry. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange under the stock code 1010.

YTD Price Performance: -41.90%

Average Trading Volume: 1,756,072

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$109.7M

Find detailed analytics on 1010 stock on TipRanks’ Stock Analysis page.