Smart Globe Holdings (HKG:1481) expects a loss after tax of between HK$11 million and HK$13 million in 2024, wider than HK$3.7 million in 2023, a Feb. 28 Hong Kong bourse filing said.
The book printing company attributed the forecast to an increase in administrative, legal, and professional expenses due to the commencement of the logistics business in Sub-Saharan Africa and decreased gross profits.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.