SUN HING VISION (00125) issued a profit warning, expecting a mid-term shareholder loss of around HK$10 million to HK$13 million.

SUN HING VISION (00125) announced that the group is expected to incur a loss of approximately HK$10-13 million for the six months ending September 30, 2024, compared to a loss of HK$2 million for the same period ending September 30, 2023. The expected loss is mainly attributed to a decrease in the group's gross profit margin during the review period, mainly due to price adjustments as a result of fierce competition; as well as a reduction in other income, gains, and losses compared to the same period last year, mainly due to a decrease in bank interest income and foreign exchange gains during the period.