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An announcement from Starlite Holdings Limited ( (HK:0403) ) is now available.
Starlite Holdings Limited has issued a profit warning, indicating a significant financial downturn for the fiscal year ending March 31, 2025. The company anticipates a loss of up to HK$28 million, contrasting with a profit of HK$17 million in the previous year. This downturn is attributed to decreased orders from the US due to tariffs, increased losses in the Team Green division from higher promotional costs and sales network expansion, and an impairment loss on an investment property. Stakeholders are advised to exercise caution, as the financial results are preliminary and subject to adjustments.
More about Starlite Holdings Limited
Average Trading Volume: 879,206
Technical Sentiment Signal: Buy
Current Market Cap: HK$102.1M
For a thorough assessment of 0403 stock, go to TipRanks’ Stock Analysis page.