SOLARTECH INT'L (01166) issues profit warning, expecting a net loss of approximately HK$12 million to HK$18 million for the interim period.
Sing Kei Holdings (01166) announced that it expects a loss attributable to owners of the company of approximately HK$12 million to HK$18 million for the six months ending December 31, 2025, compared to a loss of approximately HK$26.226 million for the six months ending December 31, 2024.
SOLARTECH INT'L (01166) announced that it is expected to incur a loss attributable to owners of the company of approximately HK$12 million to HK$18 million for the six months ending on December 31, 2025, compared to a loss of approximately HK$26.226 million for the six months ending on December 31, 2024.
The announcement stated that the expected decrease in losses is mainly due to a reduction in general and administrative expenses; recognition of fair value gains on the group's investment properties for the period, compared to fair value losses in the corresponding period; and a decrease in financing costs.
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