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Winfull Group Expects Major Loss Increase
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Winfull Group Expects Major Loss Increase

Winfull Group Holdings Limited (HK:0183) has released an update.

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Winfull Group Holdings Limited has issued a profit warning, anticipating a substantial rise in losses for the year ending June 30, 2024, estimated to be between HK$220 million to HK$250 million, compared to a HK$69 million loss the previous year. The increased losses are attributed to fair value loss on investment properties, write-downs of properties held for trading, and impairment loss of leasehold properties. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

For further insights into HK:0183 stock, check out TipRanks’ Stock Analysis page.

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