Integrated Waste Solutions Group Holdings Ltd. has issued a supplemental announcement regarding its financial outlook, indicating a significant increase in expected losses for the fiscal year ending 31 March 2025. Based on preliminary assessments from the company's management, the loss attributable to shareholders is anticipated to rise by approximately 650% compared to the previous year's loss of about HK$64.7 million. This substantial increase is primarily attributed to impairment losses on the carrying value of interests in an associate involved in hazardous waste treatment projects in Mainland China, as well as impairment losses on property, plant, and equipment associated with the company's headquarters in Tseung Kwan O. Shareholders and potential investors are urged to exercise caution when dealing in the company's shares, with the final results announcement anticipated by the end of June 2025.
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