RICH GOLDMAN Issues Profit Warning, Anticipates HK$10 Million Interim Loss for 2025, Marking a Year-on-Year Improvement

Stock News
02/16

RICH GOLDMAN (00070) has announced that the group expects to record a loss of approximately HK$10 million for the six months ending December 31, 2025 (interim 2025). This compares to a loss of about HK$61 million for the six months ending December 31, 2024 (interim 2024). The loss for interim 2025 represents a decrease of approximately HK$51 million compared to interim 2024. Although revenue decreased by about HK$5 million compared to the same period in 2024, the reduction in loss was primarily attributable to a reversal of impairment losses of approximately HK$6 million on properties held by the group (classified as property, plant, and equipment). This contrasts with impairment losses of around HK$28 million recognized in interim 2024. Furthermore, the fair value loss on the group's investment properties decreased by approximately HK$9 million compared to interim 2024. The group also recorded other gains of about HK$302,000, a significant improvement from the other losses of approximately HK$5 million reported in interim 2024.

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