Summary by Moomoo AI
HSC Resources Group Limited issued a profit warning on July 26, 2024, stating that the unaudited comprehensive profit for the year ending on April 30, 2024, is expected to be no less than 2.0 million Hong Kong dollars, a decrease from the previous fiscal year's 7.4 million Hong Kong dollars. The Board of Directors pointed out that the decrease in profit was mainly due to increased sales costs, reduced government subsidies, and increased financial expenses. At present, the company is preparing and implementing annual financial performance, and the unaudited management accounts may still need to be adjusted. The company will publish a detailed annual performance announcement on July 31, 2024. Shareholders and potential investors of the company should handle related securities transactions with caution.
