YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.
YTO International Express and Supply Chain Technology Limited has issued a profit warning, anticipating a net loss for the first half of 2024 in contrast to the profit of the same period in 2023, despite expecting higher revenue. The loss, estimated between HK$38 million to HK$47 million, is attributed to lowered gross margins in air freight and international express, impairment losses, and the absence of a one-off gain from joint ventures. Investors are cautioned to exercise prudence when dealing in the company’s shares.
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