Summary by Futu AI
Kingkey Fin Int (Holdings) Limited ("Kingkey Fin Int") issued a profit warning, predicting a net loss of no more than approximately HKD 700.0 million for the year ended March 31, 2024, a decrease compared to a net loss of approximately HKD 1,163.0 million for the same period in 2023. The loss was mainly due to impairment losses on goodwill, intangible assets and right-of-use assets, which were based on the possible loss of intellectual property rights to use certain trademarks in specific regions by Forbes Global Alliance (Hong Kong). The company will announce its full-year financial performance on June 28, 2024. The Board of Directors reminds shareholders and potential investors to take note of this profit warning and pay attention to the possibility of needing to make adjustments based on unaudited financial data.