TAT HONG EQUIP issued a profit warning, with a loss attributable to shareholders of HKD 115 million to HKD 125 million, a year-on-year increase
According to the Zhitong Finance APP, TAT HONG EQUIP announced that the group expects to incur a loss attributable to equity holders of the company ranging from RMB 115 million to RMB 125 million, compared to a loss of approximately RMB 95.6 million for the year ended March 31, 2024. The increase in net loss is mainly due to a slowdown in economic growth and a decline in revenue caused by a weak construction market; and adjustments to deferred tax items leading to an increase in income tax expenses
According to the Zhitong Finance APP, TAT HONG EQUIP (02153) announced that the group expects to incur a loss attributable to equity holders of the company ranging from RMB 115 million to RMB 125 million, compared to a loss of approximately RMB 95.6 million attributable to equity holders of the company for the year ended March 31, 2024. The increase in net loss is mainly due to a slowdown in economic growth and a decline in revenue caused by a weak construction market; and an increase in income tax expense due to deferred tax adjustments