CHI HO DEV (08423) has issued a profit alert, forecasting that the group's consolidated net loss for the year ending March 31, 2026, will be between HK$60 million and HK$65 million. This represents a significant increase compared to the consolidated net loss of approximately HK$12.3 million reported for the year ended March 31, 2025.

The anticipated larger net loss for the fiscal year ending March 31, 2026, is primarily attributed to several key factors. These include a provision of about HK$40 million recognized under the expected credit loss model for a loan extended to a joint venture. Additionally, a net provision (after reversals) of roughly HK$11 million was recognized under the same expected credit loss framework. A further contributing factor is a decrease in the gross profit margin from renovation and maintenance works, as well as alteration, addition, and fitting-out projects.