Summary by Moomoo AI
China Sky Chemical Group Limited (the “Company”) issued a profit warning on February 9, 2024, anticipating a loss on unaudited interim results for the six months ended December 31, 2023. The company recorded a net profit of approximately HK$2.76 million compared to the previous reporting period. The expected net loss for this time was not more than HK$1 billion, mainly due to the lack of a one-time profit of approximately HK$4.05 billion in the previous reporting period, as well as interest expense and asset depreciation expense. The Board of Directors of the Company notes that these data are based on preliminary assessments and are subject to change based on further revisions or adjustments. The Company will issue an official interim results announcement on or before 15 February 2024. Shareholders and potential investors should exercise caution.
