Neway Group Holdings (00055) Issues Profit Warning, Expects First-Half Losses to Decrease to Approximately HK$19-34 Million
Stock News
Aug 15
Neway Group Holdings (00055) announced that the group expects to record a loss of approximately HK$19 million to HK$34 million for the six months ended June 30, 2025 (first half of 2025), compared to a loss of approximately HK$40.1 million for the six months ended June 30, 2024 (first half of 2024). The board of directors believes that the loss recorded in the first half of 2025 is primarily attributable to a fair value loss on investment properties of approximately HK$4 million in the first half of 2025 (first half of 2024: fair value loss of approximately HK$12.7 million), as well as segmental losses from the property development business, property investment business, and manufacturing and sales business in the first half of 2025.
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.