FLYDOO TECH-NEW (ASX: 08069) has issued a profit warning announcement.
The company expects its net loss for the 2025/26 financial year to increase by approximately 750% compared to the net loss of about HK$1.3 million recorded for the year ended March 31, 2025 (the 2024/25 financial year).
The board of directors attributes the anticipated rise in losses for the 2025/26 financial year primarily to three factors.
Firstly, revenue from the group's travel-related products and services has decreased significantly by over 15% compared to the 2024/25 financial year.
Secondly, the company has incurred business development expenses.
Thirdly, losses were generated from clearing inventory due to the termination of its retail operations.
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