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Sky Light Holdings Limited ( (HK:3882) ) has issued an update.
Sky Light Holdings Limited has issued a profit warning for the fiscal year 2024, anticipating a revenue decrease of approximately 6.4% compared to the previous year, and a narrowed net loss of no less than HK$60 million, down from a loss of approximately HK$129 million in 2023. The financial downturn is attributed to the discontinued operation of its AI vending machine retail business, resulting in a loss of about HK$18 million, and a weak global demand for consumer electronics amid rising inflation, which has led to reduced consumer spending in this sector.
More about Sky Light Holdings Limited
Sky Light Holdings Limited, incorporated in the Cayman Islands, operates in the consumer electronics industry. The company offers a range of products, focusing on retailing through AI vending machines, although this operation was discontinued in the fiscal year 2024.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €152.2M
Learn more about 3882 stock on TipRanks’ Stock Analysis page.