ITC Properties Group Limited Issues Profit Warning, Anticipates Net Loss of Over HK$750 Million for Year Ending March 2025

Reuters
2025/06/20
ITC Properties Group Limited Issues Profit Warning, Anticipates Net Loss of Over HK$750 Million for Year Ending March 2025

ITC Properties Group Limited has issued a profit warning, indicating that the company expects to report a net loss of not less than HK$750.0 million for the fiscal year ending March 31, 2025. This projected loss is a notable increase compared to the approximately HK$644.9 million net loss recorded in the previous fiscal year. The company attributes the expected increase in net loss primarily to two factors: a gain on compensation of at least HK$200.0 million related to an agreement with The People's Government of Sanya City over a land resumption in Sanya City, Hainan Province, China, and the absence of an impairment loss of approximately HK$136.2 million for an associate that was recorded in the previous fiscal year. ITC Properties Group Limited is in the process of finalizing its annual results, which are scheduled to be published on June 27, 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ITC Properties Group Limited published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.

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免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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