Suga International Forecasts Profit Drop

Suga International Holdings Limited (HK:0912) has released an update.

Suga International Holdings Limited has issued a profit warning, anticipating a decrease in profit attributable to owners for the fiscal year ending March 31, 2024, with expected earnings ranging from HK$28 million to HK$38 million, down from HK$59.8 million the previous year. This decline is primarily due to non-recurring items such as gains on disposal of interest in a joint venture and other one-time financial adjustments. Investors are cautioned to exercise care when dealing in the company’s shares as these preliminary figures have not been finalized or audited.

For further insights into HK:0912 stock, check out TipRanks’ Stock Analysis page.