ASIA COMM HOLD Issues Positive Profit Alert, Anticipates Annual Net Profit of at Least HK$39 Million

Deep News

06/14

ASIA COMM HOLD (ASX: 00104) has released an announcement indicating a positive profit forecast for the group. The company expects to achieve a net profit of no less than HK$39 million for the fiscal year ending March 31, 2026. This represents a significant increase compared to the net profit of approximately HK$24 million recorded for the previous fiscal year ending March 31, 2025.

The anticipated improvement in the group's overall performance for the current year is attributed to a reduction in the fair value loss on investment properties. This decrease is primarily due to revaluation losses on Hong Kong investment properties being largely offset by revaluation gains on investment properties located in the United Kingdom.

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