MOS House (HKG:1653) expects an attributable loss of at least HK$18 million for the year ended March 31, wider than HK$3.4 million a year prior, according to a Thursday Hong Kong bourse filing.
The tile and fixture trader attributed the forecast to a lower gross profit from the sale of tiles and bathroom fixtures, as well as a non-cash impairment loss of interest in an associate.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments