Summary by Moomoo AI
SKY BLUE 11 Limited has issued a profit warning, anticipating a loss of no less than HK$0.187 billion for the year ending December 31, 2024, a significant increase compared to a loss of approximately HK$46.4 million in the same period of 2023. The company stated that the widening losses are mainly due to the severe impact of the macroeconomic environment and the downturn of Hong Kong's economy, which has resulted in a decline in the group's yacht business sales.According to the announcement, other major reasons for the increased losses include impairment losses on inventory and receivables recognized in accordance with applicable accounting standards, as well as increased interest expenses resulting from taking new loans from third parties to support the Operation. The company expects to release its formal final results report in late March 2025, and the currently disclosed financial data has not yet been audited or reviewed by auditors.
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