$King Stone(00663)$2021 H1 profit warning straight from the oven.. good news!!!
The board of directors (“Directors”) of the Company (the “Board”) wishes to inform the shareholders and potential investors of the Company that based on preliminary review of the unaudited management accounts of the Group, it is expected the Group will record a net profit of approximately HK$30 million for the six months ended 30 June 2021 as compared to a net loss for the six months ended 30 June 2020. The expected turnaround to profit-making for the six months ended 30 June 2021 was mainly attributable to recognition of reversal of impairment of lease and factoring receivables of approximately HK$40 million.
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