Wai Chun Bio-Technology Ltd. (HK:0660) has released an update.
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Wai Chun Bio-Technology Ltd. has issued a profit warning, projecting a significant increase in net loss for the fiscal year ending June 2024, with expected losses between HK$57 million and HK$62 million. This marks a substantial rise from the HK$10 million loss recorded in the previous year, largely due to a decrease in gross profit and impairment losses. Investors are urged to exercise caution while trading the company’s shares.
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