QAF Ltd (Q01.SI) saw its shares plummet by 6.56% in pre-market trading on Friday, following a profit warning issued by the company. The significant drop comes as investors react to the announcement of an expected material reduction in the group's profit for the first half of 2025.
In a statement released on Thursday, QAF Ltd disclosed that it anticipates reporting a substantial decrease in the group's attributable profit for the first half of 2025. The company cited higher operating costs as a primary factor contributing to the expected decline in profitability. This news has evidently rattled investors, leading to the sharp sell-off in QAF's shares.
The profit warning highlights the challenges faced by QAF in the current economic environment. While specific details were not provided, the mention of higher operating costs suggests that the company may be grappling with inflationary pressures or other market-related factors affecting its bottom line. As QAF prepares to release its official financial results for the first half of 2025, market participants will be closely watching for further details on the extent of the profit reduction and any measures the company plans to implement to address these challenges.