Summary by Moomoo AI
cec int'l hold issued a profit warning, and is expected to record a loss after tax of approximately HKD 29 million to HKD 31 million for the year ending April 30, 2024, compared to a profit after tax of HKD 49.6 million in the previous year. The expected loss is mainly due to a decrease in retail sales after the lifting of travel restrictions caused by the COVID-19 pandemic, no government pandemic subsidies received, increased fair value losses on investment property, and one-time restructuring expenses of its subsidiary. The forecast is based on unaudited comprehensive management accounts and preliminary assessments of the latest financial information, and the final performance may be adjusted. The company will announce its full-year results on July 24, 2024. The Board of Directors urges shareholders and potential investors to exercise caution when dealing in securities.
