OKG Technology Expects Significant Financial Setback

OKG Technology Holdings Limited (HK:1499) has recently provided an update to investors regarding their financial performance. The company has issued a warning about an expected loss of at least HK$35.0 million for the fiscal year ending in March 2024. This represents a considerable decline from the previous year’s profit of HK$43.5 million. The main reason for this shortfall is a significant decrease in revenues from the Group’s digital assets trading business. As a result, investors are advised to be cautious when trading the company’s shares, with final results set to be announced on 27 June 2024.

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