GANGYU SERVICES (00265) Issues Profit Warning, Forecasts 55% to 65% Drop in Pre-Tax Profit for 2025

Stock News
Mar 18

GANGYU SERVICES (00265) announced that, compared to a pre-tax profit of approximately HK$53 million for the 2024 financial year, the Group expects its relevant profit for the year ending December 31, 2025, to decrease by no less than 55% but not more than 65%. The Board believes the anticipated decline is primarily attributable to: (i) an increase of approximately HK$14.6 million in the fair value loss on investment properties; (ii) the absence of compensation income of approximately RMB 4.7 million (equivalent to about HK$5.1 million) related to the terminated acquisition of 47 commercial units in Shijiazhuang, Hebei Province, China, and the delayed delivery of these properties; and (iii) a decrease of approximately HK$5.3 million in bank interest income.

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