Starlite Holdings Limited has issued a profit warning, indicating that the company is expected to record a loss of no more than HK$28 million for the financial year ended 31st March 2025. This contrasts with a profit of approximately HK$17 million in the previous year. The anticipated loss is attributed to a decrease in orders from the United States, primarily due to tariffs imposed by the US government, which outweighed the benefits of tightened cost control measures. Additionally, the Team Green division has reported increased losses due to heightened promotional costs and the expansion of its sales network. A provision for impairment loss on an investment property also contributed to the forecasted financial downturn. The company's annual results are yet to be finalized, with the official announcement expected by the end of June 2025. Investors and shareholders are advised to exercise caution when dealing with the company's shares.
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