ASIA COMM HOLD Issues Positive Profit Alert, Anticipates Annual Net Profit of at Least HK$39 Million
Stock News
Jun 12
ASIA COMM HOLD (HKEX: 00104) has released an announcement containing a positive profit alert. The group anticipates achieving a net profit of no less than HK$39 million for the fiscal year ending March 31, 2026.
This represents a significant increase compared to the net profit of approximately HK$24 million recorded for the previous fiscal year ended March 31, 2025.
The expected improvement in the group's overall performance for the current year is attributed to a reduction in fair value losses on investment properties. This reduction is due to revaluation losses on Hong Kong investment properties being partially offset by revaluation gains on investment properties located in the United Kingdom.
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