WAI YUEN TONG (00897) Issues Profit Warning, Expects Interim Profit to Drop to No More Than HK$3 Million

Stock News
Nov 17

WAI YUEN TONG (00897) announced that the group expects its profit attributable to shareholders for the six months ending September 30, 2025, to decrease to no more than approximately HK$3 million, compared to HK$23.7 million for the same period in 2024. The anticipated decline in profit is primarily due to the combined effects of the following factors: 1) Weak consumer sentiment in the retail market during the reporting period, leading to a roughly 7% drop in revenue and consequently lower gross profit; 2) A significant decrease in net gains from property sales during the reporting period; 3) Reduced net fair value gains on investment properties. These negative impacts were partially offset by lower administrative expenses and financing costs during the reporting period.

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