SH Group Expects Increased Annual Net Loss

SH Group (Holdings) Limited (HK:1637) has released an update.

SH Group (Holdings) Limited has issued a profit warning, anticipating a net loss of not less than HK$15.0 million for the fiscal year ending March 31, 2024, a greater loss compared to the previous year’s HK$11.0 million. The company attributes this expected decline to reduced revenue from project work and the absence of government grants received in the prior year. Shareholders and potential investors are urged to exercise caution when dealing with the company’s shares, as these preliminary figures are subject to change upon the finalization of the annual results.

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