Wai Chun Group Holdings Limited Forecasts Significant Reduction in Losses for Year Ending March 2025

Reuters
06/27
Wai Chun Group Holdings Limited Forecasts Significant Reduction in Losses for Year Ending March 2025

Wai Chun Group Holdings Limited has announced a profit alert indicating a reduction in net loss for the financial year ended 31 March 2025. The company expects to report a consolidated net loss of not more than approximately HK$11.0 million, a significant improvement compared to the HK$36.5 million loss recorded in the previous year. The reduction in loss is attributed primarily to a substantial increase in the gain on derecognition of a convertible bond and a decrease in administrative expenses, including lower depreciation costs for property, plant, and equipment. The company is still in the process of finalizing its audited annual results, which are expected to be published on 30 June 2025. Shareholders and potential investors are advised to exercise caution when dealing in 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. Wai Chun Group Holdings Limited published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

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