The latest announcement is out from EPI (Holdings) Limited ( (HK:0689) ).
EPI (Holdings) Limited has issued a profit warning, indicating an expected loss of up to HK$2.0 million for the fiscal year 2024, a significant downturn from the HK$21.5 million profit recorded in 2023. This anticipated loss is attributed to several factors, including a decrease in expected credit loss provisions, an operating loss in the money lending business, exchange losses due to currency depreciation, and increased income tax expenses related to its petroleum business. The company advises caution for shareholders and potential investors as it finalizes its annual results.
More about EPI (Holdings) Limited
EPI (Holdings) Limited is a company incorporated in Bermuda, operating with a focus on the money lending and petroleum exploration and production industries. The company is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -10.0%
Average Trading Volume: 10,826,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$117.7M
For detailed information about 0689 stock, go to TipRanks’ Stock Analysis page.