JIU RONG HOLD Issues Profit Warning, Anticipates Interim Loss Attributable to Shareholders Not Exceeding HK$9 Million
Stock News
Feb 20
JIU RONG HOLD (02358) has released an announcement indicating an expected improvement in its financial performance. The group forecasts a loss attributable to the company's owners of no more than HK$9 million for the six-month period ending December 31, 2025. This represents a significant narrowing compared to the loss of approximately HK$20.8 million recorded in the corresponding period ended June 30, 2024. The board of directors attributes the reduction in the loss primarily to gains generated from the disposal of a 5.22% equity stake in Hangzhou Eastern Software Park Co., Ltd. (Stock Code: 832968, listed on the National Equities Exchange and Quotations system). These gains were sufficient to offset the impact of accounts payable.
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