SOLARTECH INT'L (01166) announced that it expects to record a loss attributable to owners of the company ranging from HK$140 million to HK$148 million for the year ended June 30, 2025, compared to a loss attributable to owners of approximately HK$88.516 million for the year ended June 30, 2024.

The board of directors noted that despite the group recognizing reduced fair value losses on investment properties during the period compared to the corresponding period, and recording a one-off gain from the disposal of a subsidiary during the period, the loss attributable to owners of the company is expected to increase. This is primarily attributed to the following factors: decline in revenue and gross profit; recognition of impairment losses on mining rights during the period, whereas reversal of impairment losses on mining rights was recorded in the corresponding period; and reduced deferred tax credits obtained during the period compared to the corresponding period.