Kin Shing Holdings (HKG:1630) expects a consolidated after-tax loss of up to HK$43.8 million for the 12 months ended March 31, against a consolidated after-tax profit of about HK$11.9 million in the previous year, according to Tuesday filing on the Hong Kong bourse.
The company attributed the expected loss to the provision of impairment losses, unrealized loss on trading of securities, and absence of wage subsidy from the government.
The company is expected to publish its annual results on June 28.
The company's shares fell over 23% in recent trade on Wednesday.
Price (HKD): $0.02, Change: $-0.01, Percent Change: -23.33%
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