I-CONTROL (01402) Issues Profit Alert, Anticipates Annual Net Profit Not Exceeding HK$1 Million, Shifting from Loss to Profit
Stock News
May 22
I-CONTROL (01402) announced that the group is expected to achieve a net profit not exceeding HK$1 million for the fiscal year ending March 31, 2026. This contrasts with a net loss of approximately HK$18.8 million recorded for the fiscal year ending March 31, 2025. The anticipated turnaround from loss to profit is primarily attributable to a reduction in impairment losses on loans provided to investee companies, decreased employee costs and other operating expenses, as well as the disposal of a loss-making subsidiary during the fiscal year ended March 31, 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.