Sino Harbour Holdings Group Limited has issued a profit warning, indicating an expected decline in profit for the fiscal year ending 31 March 2025. Based on a preliminary review of the unaudited consolidated management accounts, the company anticipates a decrease of at least 50% compared to the profit of approximately RMB31.4 million recorded for the previous year. The decline is primarily attributed to reduced revenue from the sales of properties, specifically upon the delivery of residential units. The company's management has emphasized that the financial information provided is preliminary and unaudited, and final results may vary. Shareholders and potential investors are advised to exercise caution and to review the company's upcoming annual results announcement, which is anticipated to be published by the end of June 2025.
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.