NVC INTL Anticipates Annual Profit Attributable to Shareholders of Approximately $11.9 Million, Shifting from Prior Year Loss

Stock News
Mar 26

NVC INTL (02222) has announced that the group expects to record a profit of about $12.4 million for the year ending December 31, 2025, compared to a loss of approximately $15.4 million for the year ending December 31, 2024. The company also forecasts a profit attributable to owners of approximately $11.9 million for the year ending December 31, 2025, versus a loss attributable to owners of about $17.5 million for the previous year. According to the board, the expected profit increase for the year ending December 31, 2025, is primarily due to a $26.6 million impairment loss recorded in 2024 on the group's interest in an associate, with no such impairment recognized in the 2025 period. Excluding the impact of this impairment loss from 2024, the company believes that profits for the years ending December 31, 2024 and 2025 would have remained at similar levels.

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