Alco Holdings Limited Issues Profit Warning with Expected Loss of HKD60-70 Million for Financial Year 2025

Reuters
06/27
Alco Holdings Limited Issues Profit Warning with Expected Loss of HKD60-70 Million for Financial Year 2025

Alco Holdings Limited has issued a profit warning, indicating an anticipated financial downturn for the year ended 31 March 2025. The company expects to report a loss between HKD60 million and HKD70 million, a significant decline from the HKD592 million profit recorded the previous year. The expected shift from profit to loss is attributed to the absence of a one-off gain from the deconsolidation of a disposal group, which had contributed approximately HKD596 million to the prior year's profits. Additionally, there has been a decrease in revenue and gross profit, from HKD148 million and HKD9 million in the previous year to HKD99 million and HKD5 million, respectively, due to ongoing competitive pricing pressures. Alco Holdings advises shareholders and potential investors to exercise caution when dealing with the company's securities. The financial results for the period are set to be finalized and announced by 30 June 2025, pending internal review and confirmation.

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. Alco Holdings Limited published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

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