WANDA HOTEL DEV (00169) has announced a positive profit forecast. Compared to a loss of approximately HK$989.4 million for the 2024 financial year, the group expects to return to profitability for the year ending December 31, 2025. The projected net profit is estimated to be between HK$1.75 billion and HK$1.9 billion. This significant turnaround is primarily attributed to two key factors. Firstly, a net gain of approximately HK$1.75 billion was recognized following the disposal of the entire issued share capital of its subsidiary, Wanda Hotel Management (Hong Kong) Limited. Secondly, the results were positively impacted by the absence of an impairment loss on long-term receivables of about HK$1.0452 billion, which was recorded in 2024 when these receivables were transferred to properties held for sale. This positive effect was partially offset by an impairment loss of approximately HK$17 million recognized on properties held for sale during the 2025 financial year.