Grandshores Technology Group Limited has issued a profit warning, indicating an anticipated loss for the fiscal year ending March 31, 2025. Based on a preliminary review of unaudited financial information, the company expects to record a loss ranging from S$0.5 million to S$2.0 million, contrasting with a profit of approximately S$2.0 million for the previous year. This shift from profit to loss is attributed mainly to increased staff-related costs due to higher headcounts and salary increments, alongside a decrease in government grants received during the year. The company's annual results are yet to be finalized and remain subject to further review and adjustments. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares and to review the forthcoming annual results announcement expected by the end of June 2025.
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