WEB3 META (08093) Issues Profit Warning, Expects Annual Shareholders' Loss of Approximately HK$19-21 Million

Stock News

09/17

WEB3 META (08093) announced that the group expects to record shareholders' losses of approximately HK$19 million to HK$21 million for the year ending June 30, 2025, compared to shareholders' profit of approximately HK$18 million for the year ending June 30, 2024. The expected significant decline from shareholders' profit in fiscal year 2024 to shareholders' loss in fiscal year 2025 is primarily attributable to increased credit loss provisions for other receivables and prepayments during fiscal year 2025, given the changes in overall market risks, which resulted in higher losses.

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