LFG INV HLDGS (03938) issues a profit warning, expecting a shareholder's share of net loss of no less than HK$16 million in the medium term.

LFG INV HLDGS (03938) announced that the Group expects a net loss attributable to equity holders of the Company of not less than HK$16 million for the six months ending September 30, 2024. This net loss is primarily due to negative income of the investment fund of not less than HK$7 million for the six months ending September 30, 2024, offset by the performance of other redeemable participating shareholders in the comprehensive investment fund of not less than HK$3 million; decreased revenue from corporate financing services, securities underwriting services, and margin financing services compared to the six months ending September 30, 2023; and expected credit losses on accounts receivable of not less than HK$2.5 million for the six months ending September 30, 2024.