Tat Hong Forecasts Increased Annual Losses

Tat Hong Equipment Service Co. Ltd. (HK:2153) has released an update.

Tat Hong Equipment Service Co., Ltd. has issued a profit warning, forecasting a significant increase in losses for the year ended March 31, 2024, with expected losses between RMB 90.0 million to RMB 100.0 million. This anticipated downturn is attributed to reduced revenue amid slower economic growth and a challenging construction sector in the post-COVID era. Shareholders and potential investors are urged to exercise caution when dealing with the company’s shares.

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