NICHE-TECH SEMI (08490) Issues Profit Warning, Expects Interim Loss Attributable to Shareholders of Approximately HK$30.4 Million, Turning from Profit to Loss

Stock News
Aug 18

NICHE-TECH SEMI (08490) announced that the Group expects the loss attributable to equity holders of the Company for the period ending June 30, 2025, to be approximately HK$30.4 million (compared to a profit attributable to equity holders of the Company of approximately HK$2.2 million for the same period in 2024). The primary reasons for the turnaround from profit to loss include: impairment losses on certain intangible assets; and a decline in revenue and gross profit margin of the Group's products during this period. The impairment losses recognized during this period were due to intense competition and weakened overall consumer sentiment in the first half of 2025, resulting in certain products performing below expectations. The aforementioned impairment represents non-cash expenses and will not have any impact on the Group's overall operations during this period. The Group's profit before interest, tax, depreciation of plant and equipment, and amortization of intangible assets for this period was approximately HK$2.5 million (for the period ending June 30, 2024: approximately HK$18.7 million).

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