STYLAND HOLD (00211) issues profit warning, expecting a mid-term loss of approximately HK$18.02 million.

STYLAND HOLD (00211) announced that the group is expected to incur a loss of approximately 18.02 million Hong Kong dollars for the six months ending September 30, 2024, compared to a loss of approximately 26.658 million Hong Kong dollars for the same period in 2023. The decrease in net loss for the six months ending September 30, 2024 is mainly due to (i) a decrease in administrative expenses by approximately 2.515 million Hong Kong dollars compared to the same period in 2023, where expenses were approximately 25.743 million Hong Kong dollars; (ii) a decrease in sales and distribution costs by approximately 2.044 million Hong Kong dollars compared to the same period in 2023, where costs were approximately 26.28 million Hong Kong dollars; and (iii) a decrease in fair value loss of financial assets measured at fair value and recognized in profit or loss from approximately 2.895 million Hong Kong dollars in 2023 to a gain of approximately 0.947 million Hong Kong dollars.