KINGDOM HOLDING issued a profit warning, expecting a mid-term loss attributable to shareholders between 115 million and 135 million yuan, a year-on-year turnaround from profit to loss
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KINGDOM HOLDING issued a profit warning, expecting a mid-term loss attributable to shareholders of between 115 million and 135 million yuan for the period ending June 30, 2025, compared to a profit of 73.961 million yuan in the same period last year. The loss is mainly due to a decline in the price of linen yarn by approximately 30% and gross losses caused by the use of more expensive raw materials, with an expected inventory impairment provision of about 28 million yuan
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