Wanjia Group Holdings Ltd. has issued a supplemental announcement to its earlier profit warning, indicating a significant reduction in its financial loss for the year ended March 31, 2025. The company reports an approximate 86% reduction in loss compared to the previous year, primarily due to a reversal of provision in expected credit loss amounting to approximately HK$1 million and the absence of a provision for impairment loss of goodwill, which previously amounted to HK$22.310 million. The financial results are based on a preliminary assessment of the unaudited consolidated management accounts and may be subject to further amendments. The company plans to announce its consolidated annual results on June 20, 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities.
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