Summary by Futu AI
SIMMOR INTERNATIONAL HOLDINGS LIMITED ISSUED A PROFIT WARNING, ANNOUNCING UNAUDITED CONSOLIDATED MANAGEMENT ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 2023, THAT PROFIT FOR THE YEAR IS EXPECTED TO FALL BY APPROXIMATELY 27.9% TO 41.0% COMPARED TO THE PREVIOUS FISCAL YEAR. The decrease was mainly due to a significant decline in revenue from the mainland China market and a year-on-year decrease in gross profit margin. Despite steady revenue growth in overseas markets, it was not enough to offset the decline in mainland China. The Company reminds shareholders and potential investors to exercise caution when trading securities. The warning information was issued on 30 January 2024 by the Chairman of the Board, Mr. Chan Chi Ping.