Imperium Technology Warns of Wider 15-Month Loss; Shares Slip 3%
MT Newswires Live
Jun 17
Imperium Technology (HKG:0776) expects a net loss of around HK$65 million for the 15 months ended March 31, compared with a net loss of HK$41.7 million for the year ended Dec. 31, 2024, according to a Tuesday Hong Kong bourse filing.
Shares of the household products manufacturer were down over 3% in Wednesday afternoon trading.
The company attributed the forecast to higher finance costs, a rise in cryptocurrency-related impairment losses, and increased corporate overhead expenses amid a longer period covered due to a change in the financial year-end date.
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