Golden Res Dev Issues Positive Profit Alert, Anticipates Annual Net Profit Attributable to Shareholders of Approximately HK$27.2 Million, Turning Loss into Gain Year-on-Year

Stock News
06/17

Golden Res Dev has released an announcement regarding its financial performance. The group is expected to achieve a net profit attributable to shareholders of approximately HK$27.2 million for the year ending March 31, 2026. This represents a significant improvement compared to the net loss attributable to shareholders of about HK$14.5 million recorded for the previous financial year ended March 31, 2025.

Based on the company's current available information, the board of directors attributes this anticipated turnaround from loss to profit to the combined effect of several key factors. These include an increase in gross profit of approximately HK$18.6 million. Additionally, there is a revaluation surplus on investment properties of about HK$10.8 million for the current period, which contrasts with a revaluation loss on investment properties of roughly HK$21.8 million in the prior year. Furthermore, overall administrative expenses decreased by around HK$19.8 million. This was partially offset by an increase in total selling and distribution costs of approximately HK$39.8 million.

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