Yuk Wing Group to Widen Loss in Fiscal Year 2024; Shares Plummet 8%

Yuk Wing Group Holdings (HKG:1536) expects a net loss of at least HK$22.5 million for the year ended March 31, up from a loss of HK$3.6 million in the year-ago period, a June 14 filing with the Hong K

MT Newswires01:46 ET

Express News | Yuk Wing Group Holdings - Expected Result Due to Decrease in Revenue of Manufacturing Segment in Year, Among Others

ReutersJun 14 08:04 ET

yuk wing gp (01536) issued a profit warning, expecting the annual net loss to expand by at least HKD 22.5 million.

Yuk Wing Group (01536) announced that it is expected to have a comprehensive net loss of no less than HKD 22.5 million for the year ending on March 31, 2024, compared to a comprehensive net loss of around HKD 3.6 million for the year ending on March 31, 2023. The increase in net loss is mainly due to a decrease in revenue, gross profit and gross margin of the manufacturing and trading division of down-the-hole drilling tools in the current year as compared to the year ending on March 31, 2023, as well as a decrease in gross margin of the trading of rock drilling equipment, and an increase in fair value loss related to financial assets recognized at fair value through profit or loss.

Zhitong FinanceJun 14 08:03 ET

Express News | Yuk Wing Group Holdings Sees CONSOL Net Loss for Year of Not Less Than HK$22.5 Mln

ReutersJun 14 08:02 ET

YUK WING GP: 2023/24 INTERIM REPORT

Hong Kong Stock ExchangeDec 12, 2023 03:34 ET · Announcements

Yuk Wing Group Swings to Loss in H1

Yuk Wing Group Holdings (HKG:1536) incurred a loss attributable to owners of HK$5.5 million for the fiscal first half, swinging from HK$2.4 million a year earlier. Loss per share was at HK$0.0146 comp

MT NewswiresNov 23, 2023 01:19 ET