SHIN HWA WORLD Anticipates 20-35% Narrowing of Consolidated Net Loss for 2025

Stock News
Mar 04

SHIN HWA WORLD (00582) has announced that the group expects its consolidated net loss for the fiscal year ending December 31, 2025, to decrease by approximately 20% to 35% compared to the previous fiscal year ended December 31, 2024. The projected reduction in the net loss for the current year is primarily attributed to several factors: a decline in operating expenses due to the absence of certain non-recurring expenditures; a reduction in amortization and depreciation charges; and an increase in the fair value of investment properties. As of the date of this announcement, the group is still assessing the potential for impairment losses on intangible assets, if necessary. Taking into account the possible recognition of such impairment losses, the consolidated net loss for the current year is still forecast to be approximately 20% to 35% lower than that of the previous fiscal year ended December 31, 2024.

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