Four Seas Mer (00374.HK) issued a profit warning, expecting a profit of between 32 million and 37 million yuan for the fiscal year ending in March. Compared with last year's profit of 41 million yuan, the decline in profit is mainly due to the fact that its Japanese subsidiary did not receive a one-time tax refund of 39 million yuan and did not receive HK government's pandemic assistance subsidy of about 21 million yuan last year.
《盈警》四洲集團(00374.HK)欠政府補貼 預計全年溢利下降
Merchants of Four Seas (00374.HK) are expected to experience a decline in annual profits as they owe government subsidies according to the "Profit Warning" announcement.
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