On June 11th, Gelunhui announced that IWS (00923.HK) expects a 60% to 70% increase in shareholders' losses for the year ending March 31, 2024, compared to a shareholders' loss of approximately 39.8 million Hong Kong dollars in the previous year.
The increase in net loss is mainly due to the provision for impairment loss of an associated company and the increase in losses from a jointly controlled entity in the 2024 fiscal year.