ELIFE HLDGS Anticipates Annual Net Loss of Approximately HK$5.9 Million
Stock News
Yesterday
ELIFE HLDGS has issued an update to its financial forecast. The company now expects to report a net loss attributable to shareholders of approximately HK$5.9 million for the fiscal year ending March 31, 2026.
This revised outlook represents a significant shift from a previously announced forecast, which had projected a net profit of about HK$1.8 million for the same period.
The anticipated loss is primarily attributed to a further increase in the expected credit loss provision for trade and other receivables. The company has clarified that this is an accounting adjustment and is not expected to have a material impact on the group's overall financial position.
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