LUNG KEE (00255) Issues Profit Warning, Anticipates Annual Net Loss of Not Less Than HK$21 Million

Stock News

01/05

LUNG KEE (00255) announced that, compared to a net loss of HK$14 million for the year ended December 31, 2024, the Group expects to record a net loss of not less than HK$21 million for the year ending December 31, 2025. The increase in net loss is primarily attributable to a decrease in the Group's sales revenue amid challenging market conditions; and a decrease of HK$10.2 million (2024: HK$5.5 million) in the fair value of investment properties for the year ending December 31, 2025, resulting from rental declines in the Hong Kong retail property market.

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