Summary by Moomoo AI
VERTICAL INT'L has issued a profit warning, expecting to record a consolidated net loss of approximately 4.5 million to 6 million Hong Kong dollars for the year ending December 31, 2024, compared to a loss of about 12.2 million Hong Kong dollars in the 2023 fiscal year, indicating a narrowing of losses. The reduction in losses is mainly attributed to an increase in Other income to approximately 2.4 million Hong Kong dollars, as well as a turnaround from loss to profit in Other gains and losses to approximately 3.6 million Hong Kong dollars.Specifically, the increase in Other income mainly comes from an increase in commission income of approximately 1.6 million Hong Kong dollars. The improvement in Other gains and losses is primarily reflected in the fair value...Show More
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