KING'S STONE (01943) Issues Profit Warning, Expects Interim Net Loss to Narrow to Approximately HK$17.7 Million
Stock News
Nov 24
KING'S STONE (01943) announced that the Group anticipates recording a net loss after tax of approximately HK$17.7 million for the six months ending September 30, 2025, compared to a net loss of about HK$62.5 million in the corresponding period ending September 30, 2024. The expected reduction in losses for the first half of 2025 is primarily attributable to (i) an increase in revenue from approximately HK$103 million to around HK$131 million, and (ii) a decrease in administrative expenses from about HK$35.3 million to roughly HK$25.3 million.
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