Lion Asiapac BAZ says it expects to report a loss for the 1HFY2024 ended Dec 31, 2023, based on a preliminary assessment of the unaudited financial results for the half year period.
In a profit guidance filing, the company says the loss is due to unrealised exchange losses arising from the depreciating Chinese RMB and Malaysian Ringgit.
The company has advised that further details of its performance will be set out in its unaudited financial results for 1HFY2024.
Shares in Lion Asiapac closed unchanged at 29 cents on Jan 26.
