HSC RESOURCES (01850) issues profit warning, expecting to incur a comprehensive loss of not less than HK$2.5 million for the interim period, turning from profit to loss year-on-year.
Hong Sheng Chang Resources (01850) announced that the Group is expected to incur an unaudited comprehensive loss of not less than HK$2.5 million for the current period (6 months ending October 31, 2025), compared to an unaudited comprehensive profit of approximately HK$2 million for the 6 months ending October 31, 2024.
HSC RESOURCES (01850) announced that the group expects to incur an unaudited comprehensive loss of not less than HK$2.5 million for the current period (six months ending on October 31, 2025), compared to an unaudited comprehensive profit of approximately HK$2 million for the six months ending on October 31, 2024.
According to the directors, the decrease in unaudited comprehensive profit for the current period is mainly due to (i) a decrease in gross profit caused by a decrease in gross profit margin; and (ii) an increase in legal and professional fees leading to an increase in administrative expenses.
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