New Provenance Everlasting Holdings warns of increased loss

New Provenance Everlasting Holdings Limited issued a profit warning, stating that it expects to report a loss attributable to owners of the company within the range of HK$45,000,000 to HK$50,000,000 for the year ended March 31, 2025. This compares to a loss of HK$30,782,000 for the year ended March 31, 2024. The company attributed the increased loss to a decrease in revenue and gross profit, write-downs on inventories, and impairment of property, plant, and equipment. The announcement was made following a preliminary review of unaudited management accounts. The company advises shareholders and potential investors to exercise caution when dealing in the company's securities. The final results announcement is expected to be published by the end of June 2025.