DFE Equipment (02153) announces that the group expects to incur a net loss attributable to owners of the company's equity ranging from RMB 90 million to RMB 100 million. This is between nine to ten times higher than the net loss attributable to owners of the company's equity as at the end of the financial year on March 31, 2023, which was approximately RMB 35.8 million. The increased expected net loss is mainly due to the economic slowdown and the softening of the construction market in the post-epidemic period, which led to a decline in revenue.
DFE Equipment (02153) announces that the group expects to incur a net loss attributable to owners of the company's equity ranging from RMB 90 million to RMB 100 million. This is between nine to ten times higher than the net loss attributable to owners of the company's equity as at the end of the financial year on March 31, 2023, which was approximately RMB 35.8 million. The increased expected net loss is mainly due to the economic slowdown and the softening of the construction market in the post-epidemic period, which led to a decline in revenue.