Profit Warning Issued by Tungtex (Hold) Anticipates Widening Annual Loss
Stock News
Jun 18
TUNGTEX (HOLD) (HKEX: 00518) has issued a profit alert, forecasting an attributable loss to shareholders for the fiscal year ending March 31, 2026, in the range of approximately HK$14 million to HK$17 million.
This represents a significant increase compared to the attributable loss of about HK$9.9 million recorded for the fiscal year ended March 31, 2025.
The company attributes the expected larger loss for the current year to a sharp deterioration in the global trade environment following the announcement of new U.S. tariff policies in April 2025.
This adverse shift has led to a notable decline in the group's export sales to the North American market during the period.
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