IMAGI INT'L Issues Profit Warning, Anticipates HK$8 Million Net Loss for 2025 Fiscal Year

Stock News
03/06

IMAGI INT'L (00585) has announced that the group expects to report a net loss of approximately HK$8 million for the 2025 fiscal year. This compares to a net loss of about HK$19 million recorded in the corresponding period of the 2024 fiscal year. The anticipated reduction in net loss for the 2025 fiscal year is primarily attributed to several factors, including the reversal of impairment provisions for margin loans and receivables, whereas impairment provisions were recognized in the previous year. Additionally, there was a shift in the fair value change of listed securities classified as held for trading, moving from an unrealized loss in the prior year to an unrealized gain in the 2025 fiscal year. It is important to note that the aforementioned decrease in loss was partially offset by a reduction in revenue from the securities brokerage and asset management divisions, due to challenging economic conditions.

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