PROSP GP INTL (01421) Issues Profit Warning, Expects Annual Shareholder Loss of HK$19-26 Million, Down Year-on-Year
Stock News
Sep 23
PROSP GP INTL (01421) announced that the group expects to record a loss attributable to owners of the company of approximately HK$19 million to HK$26 million for fiscal year 2025, compared to a loss attributable to owners of the company of approximately HK$47 million for the year ended June 30, 2024. The reduction in loss attributable to owners of the company was primarily due to improved gross profit margin; decreased administrative expenses resulting from the group's proactive optimization of operational processes to enhance efficiency and control costs; and reduced expected credit loss provisions for financial assets measured at amortized cost.
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