Hin Sang Group Issues Profit Warning, Expects HK$49 Million Net Loss for FY2024/25

Reuters
06-23
Hin Sang Group Issues Profit Warning, Expects HK$49 Million Net Loss for FY2024/25

Hin Sang Group (International) Holding Co. Ltd. has issued a profit warning, indicating an expected consolidated net loss of approximately HK$49 million for the financial year ending 31 March 2025. This marks an increase from the previous year's net loss of around HK$36.4 million. The company attributes this anticipated increase primarily to a loss on the fair value change of financial assets, which shifted from a gain of approximately HK$6.7 million in the previous year to a loss of about HK$1.2 million. Additionally, an impairment of property, plant, and equipment is expected to amount to approximately HK$7.5 million, up from HK$3.8 million the previous year. Shareholders and potential investors are advised to exercise caution, as the figures are based on a preliminary review and have not yet been confirmed by auditors. The final results are expected to be published on 27 June 2025.

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. Hin Sang Group (International) Holding Co. Ltd. published the original content used to generate this news brief on June 23, 2025, and is solely responsible for the information contained therein.

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