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Amasse capital (08168.HK) issues a profit warning: it is expected that the consolidated net loss for the fiscal year 2024 will be approximately 8.9 million Hong Kong dollars.
Gelonghui, December 5th丨Amasse Capital (08168.HK) announced that for the year ending September 30, 2024 ("Fiscal Year 2024"), the company expects to record a consolidated net loss of approximately 8.9 million HKD, compared to a consolidated net loss of approximately 1.9 million HKD for the year ending September 30, 2023. This is mainly due to (i) a decrease in the total number of institutional financing advisory trades (especially complex trades that incur higher advisory fees), leading to a decline in the company’s consolidated revenue; (ii) an increase in provisions for losses on trade receivables; and (iii) an increase in employee benefit expenses.
Express News | Amasse Capital - Expected Result Due to Decrease in Total Corporate Finance Advisory Transactions, Others
Express News | Amasse Capital Sees Consolidated Net Loss of HK$8.9 Mln for FY2024
AMASSE CAPITAL: PROFIT WARNING
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