i-Control forecasts turnaround with profit up to HK$1.00 million for FY ended 31 Mar 2026

Bulletin Express
05/22

i-Control Holdings Limited has issued a Positive Profit Alert, indicating an expected swing to a net profit of not more than HK$1.00 million for the financial year ended 31 March 2026. The Group reported a net loss of approximately HK$18.80 million in the previous fiscal year, implying an improvement of about HK$19.80 million year-on-year.

Management attributes the turnaround to three key factors:

1. A decrease in impairment loss on a loan to an investee. 2. Lower staff costs and other operating expenses. 3. Completion of the disposal of loss-making subsidiaries during the prior year.

The figures are based on the latest unaudited consolidated management accounts and have neither been audited nor reviewed by the Company’s auditors or audit committee. Final audited results are scheduled for release in June 2026.

Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.

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