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Ulferts International Limited ( (HK:1711) ) has provided an update.
Ulferts International Limited has issued a profit warning, indicating an expected net loss of up to HK$45 million for the fiscal year ending March 31, 2025, compared to a loss of HK$25 million the previous year. This anticipated loss is attributed to a 10% decline in total revenue and an impairment loss of approximately HK$17 million, reflecting the challenging business environment faced by the company. The final audited results are expected to be published in late June 2025, and stakeholders are advised to exercise caution when dealing with the company’s securities.
More about Ulferts International Limited
Ulferts International Limited is a company incorporated in Hong Kong, operating in the furniture industry. The company, along with its subsidiaries, is involved in the sale of furniture products, focusing on providing high-quality home furnishings to its customers.
Average Trading Volume: 305,238
Technical Sentiment Signal: Hold
Current Market Cap: HK$54.4M
See more data about 1711 stock on TipRanks’ Stock Analysis page.