Summary by Moomoo AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") issued a profit warning, predicting a net loss of no more than approximately HKD 700.0 million for the year ending March 31, 2024, a decrease compared to a net loss of approximately HKD 1,163.0 million for the same period in 2023. This loss is mainly due to the impairment losses of goodwill, intangible assets, and right-of-use assets, which are based on Forbes Global Alliance (Hong Kong) possibly losing the intellectual property rights to use certain trademarks in specific regions. The company will disclose its full-year financial performance on June 28, 2024. The board of directors reminds shareholders and potential investors of this profit warning and to be aware that unaudited financial information may require adjustments.
