Hong Kong, 6 June 2025 – Grandshores Technology Group Limited (HKEX: 1647) issued a profit warning, stating it anticipates a net loss of between S$0.5 million and S$2.0 million for the fiscal year ended 31 March 2025. This contrasts with a net profit of approximately S$2.0 million reported for the previous year.
The expected loss was primarily attributed to two factors: an increase in staff-related costs resulting from headcount growth and salary increments, and a reduction in government grants received during the period.
The figures disclosed are based on preliminary unaudited financial data and have not yet been reviewed by the Company’s independent auditors or audit committee. The official annual results are expected by the end of June 2025.
The company urges shareholders and investors to exercise caution in trading its shares and to review the full results announcement once published.
