ORIENTAL E H (00018) Issues Profit Warning, Expects Interim Net Profit Not Exceeding HK$2 Million
Stock News
Nov 13
ORIENTAL E H (00018) announced that it expects to record an unaudited consolidated net profit attributable to shareholders of no more than HK$2 million for the six months ending September 30, 2025, compared to approximately HK$25.098 million in the same period last year.
The board attributed the decline in unaudited consolidated net profit primarily to:
1. Reduced revenue from the group's media and lending businesses due to unfavorable macroeconomic conditions;
2. A provision of approximately HK$6.144 million for expected credit losses on receivables from loans and interest, reflecting settlement arrangements made in consideration of declining collateral values for certain loans.
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