“Land transportation and sea freight in China had increased significantly during the period under review due to supply shortage,” the company adds.
Yongmao says that it is expected to book a “significant” fair value loss on its financial assets, which might lead to a total comprehensive loss attributable to shareholders for 2H FY2022.
The company is expected to report its FY2022 before May 30 2022. It expects to remain profitable for the full year.
Yongmao shares last traded at 72 cents.
