Wah Wo Holdings issues profit warning: expects at least HK$1.80 million FY2026 pre-tax loss

Bulletin Express
Jun 15

Wah Wo Holdings Group Limited (Wah Wo) has warned shareholders that the group is likely to incur a loss before tax of no less than HK$1.80 million for the financial year ended 31 March 2026, sharply reversing from the HK$24.00 million profit before tax recorded in FY2025.

The projected downturn stems from four main factors: 1. Gross profit from the construction and ancillary services segment fell by about HK$8.20 million as existing projects moved through lower-margin stages. 2. Fair value losses on investment properties widened by HK$1.70 million. 3. Administrative expenses climbed by HK$5.80 million, mainly due to higher director and staff compensation. 4. The reversal of impairment loss provisions contracted by approximately HK$8.70 million year-on-year.

Management emphasised that the figures are derived from unaudited consolidated management accounts and remain subject to audit adjustments. The company plans to publish its full FY2026 results on 29 June 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10