New Century Group Hong Kong Ltd. Issues Profit Warning, Expects HK$58 Million Loss for 2025

Reuters

2025/06/17

New Century Group Hong Kong Ltd. Issues Profit Warning, Expects HK$58 Million Loss for 2025

New Century Group Hong Kong Ltd. has issued a profit warning, indicating that the company anticipates a significant financial downturn for the fiscal year ending March 31, 2025. The group expects to record a loss attributable to owners of the company of not more than HK$58 million, contrasting with a profit of approximately HK$22 million recorded in the previous year. This shift from profit to loss is primarily attributed to fair value losses on the group's investment properties. However, this was partially mitigated by increased profits in the securities trading business. The announcement is based on the company's preliminary assessment of unaudited consolidated management accounts and is yet to be confirmed by auditors. The company plans to publish the audited financial results on June 26, 2025. Shareholders and potential investors are urged to exercise caution when dealing with the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Century Group Hong Kong Ltd. published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.

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Issues Profit Warning, Expects HK$58 Million Loss for 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-17 16:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      New Century Group Hong Kong Ltd. Issues Profit Warning, Expects HK$58 Million Loss for 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        New Century Group Hong Kong Ltd. has issued a profit warning, indicating that the company anticipates a significant financial downturn for the fiscal year ending March 31, 2025. The group expects to record a loss attributable to owners of the company of not more than HK$58 million, contrasting with a profit of approximately HK$22 million recorded in the previous year. This shift from profit to loss is primarily attributed to fair value losses on the group's investment properties. However, this was partially mitigated by increased profits in the securities trading business. The announcement is based on the company's preliminary assessment of unaudited consolidated management accounts and is yet to be confirmed by auditors. 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New Century Group Hong Kong Ltd. published the original content used to generate this news brief on June 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00234","symbol_name":"新世纪集团","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250617:nNDL4PDlxh:1","article_id":"2544951677","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544951677","pubTimestamp":1750149338,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New Century Group Hong Kong Ltd. has issued a profit warning, indicating that the company anticipates a significant financial downturn for the fiscal year ending March 31, 2025. 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