Glory Flame Holdings Ltd. has issued a profit warning for the year ended 31 December 2024. The Group is expected to record a loss of approximately HK$17 million, which compares to a loss of approximately HK$9 million for the previous year ending 31 December 2023. This increased loss is primarily attributed to the loss on disposal of subsidiaries, a factor not present in the previous year's results, and an increase in impairment losses on trade receivables. These figures are based on unaudited and unreviewed consolidated management accounts and are subject to adjustment. Shareholders and potential investors are advised to exercise caution when dealing in the Company's shares. The actual audited results are anticipated to be released on 16 May 2025.
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