The decrease in profit, which is primarily non-cash in nature, comes on the back of the group’s announcement on Aug 6 which guided for a net loss in FY2024.
Wing Tai Holdings has reported a net loss of $78.7 million for FY2024 ended June 30, reversing from earnings of $13.3 million in the same period in FY2023.
The group similarly recorded a total loss after tax of $82.2 million in FY2024, as compared to earnings of $11.3 million in FY2023.
