Willas-Array says its expected consolidated net loss is mainly attributable to a decrease in sales for the FY2023 due to the weak export market as a result of inflation and rising interest rate in the US and European markets.
Electronics company Willas-Array says it expects to report a slight loss or to just break even for the FY2023 ending March 31 based on a preliminary assessment of the unaudited consolidated management accounts for the eleven months ended February this year.
This is compared with a consolidated net profit of approximately HK$82.2 million ($14.11 million) for the FY2022 ended March 31, 2022.
