Art Group Holdings Issues Profit Warning: Expects Annual Loss Attributable to Shareholders of No More Than HK$17 Million, Swinging from Profit to Loss Year-on-Year

Stock News
Sep 29

Art Group Holdings (00565) has issued an announcement that the group expects to record a net profit and a loss attributable to owners of the company for the year ended June 30, 2026 of not less than HK$16 million and not more than HK$17 million, respectively, compared with a net profit and a profit attributable to owners of the company of approximately HK$39 million and HK$42 million, respectively, for the year ended June 30, 2025.

The board of directors believes that the expected change is mainly due to the decrease in the one-off net gain from the termination of a lease and the derecognition of an investment property to approximately HK$25 million.

Compared with the six months ended December 31, 2025, the group's financial performance in the second half of the year improved significantly due to changes in the property portfolio.

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