Starlite Holdings (HKG:0403) expects a loss attributable to shareholders of no more than HK$107 million for the year ended March 31, widening from a loss of about HK$27 million a year earlier, according to a Thursday Hong Kong bourse filing.
The company attributed the downbeat forecast to a sharp decline in revenue amid weaker orders from packaging and U.S. customers, as well as impairment losses on property, plant, and equipment and right-of-use assets.
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