ART GROUP HOLD (00565) announced that the group expects to achieve annual profit attributable to owners of the company of no less than HK$39 million for the year ended June 30, 2025, compared to a loss attributable to owners of approximately HK$271 million for the year ended June 30, 2024.

The board of directors believes that the expected turnaround from loss to profit is mainly attributable to the net impact of: (i) net gain of approximately HK$89 million from several one-off transactions involving lease terminations and derecognition of investment properties; (ii) loss of approximately HK$56 million from fair value changes of investment properties; (iii) gain of approximately HK$11 million from bargain purchase of a subsidiary; and (iv) loss of approximately HK$6 million from discontinued air cargo charter business operations for the year.