AV PROMOTIONS (08419) Issues Profit Warning, Anticipates Annual Loss Attributable to Shareholders Not Exceeding HK$6 Million

Stock News

03/23

AV PROMOTIONS (08419) has announced that the group expects to record a loss attributable to the company's owners not exceeding approximately HK$6 million for the 2025 fiscal year. This contrasts with a profit attributable to the company's owners of approximately HK$1.8 million recorded for the year ended December 31, 2024. Based on currently available information, the board of directors attributes this shift from profit to loss primarily to (i) a decrease in the group's revenue for the 2025 fiscal year compared to the 2024 fiscal year, mainly due to intense competition in the one-stop video, lighting, and audio solutions service industry during 2025; and (ii) the recognition of a gain from lease termination in the 2024 fiscal year, which was not recorded in the 2025 fiscal year.

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