Wong's Kong King International (HKG:0532) expects an attributable loss of between HK$191 million and HK$215 million for the year 2024, up from HK$132.8 million a year prior, a Thursday filing with the Hong Kong bourse said.
The capital equipment trading and manufacturing company attributed the wider anticipated loss mainly to a lower turnover from the trading and distribution division's unit in Taiwan, a rise in operating loss from its OEM manufacturing division, and its net financing costs remaining at high levels.
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