ABC MULTIACTIVE Issues Profit Alert, Anticipates HK$5.5 Million Annual Profit

Stock News
Feb 26

ABC MULTIACTIVE (08131) has announced that the Group expects to record a profit attributable to owners of the company of approximately HK$5.5 million for the year ending November 30, 2025. This represents a significant turnaround compared to the loss attributable to owners of approximately HK$7.8 million recorded for the year ended November 30, 2024.

The Board of Directors attributes this expected improvement in the unaudited consolidated profit for the year ending November 30, 2025 primarily to the following factors: (i) An increase in recognized revenue to approximately HK$42.8 million for the 2025 fiscal year, compared to the year ended November 30, 2024; (ii) The recognition of a fair value gain of approximately HK$3.7 million for the 2025 fiscal year, contrasting with a fair value loss recognized in the previous fiscal year; (iii) A reversal of expected credit loss provisions of approximately HK$800,000 for the 2025 fiscal year, compared to the recognition of such provisions in the prior year; (iv) The recognition of a gain of approximately HK$3.6 million from the derecognition of promissory notes during the year ending November 30, 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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10