DEEP SOURCE (00990) Issues Profit Alert, Anticipates 125% Surge in 2025 Net Profit
Stock News
Feb 26
DEEP SOURCE (00990) announced that the group expects its net profit for 2025 to increase by approximately 126% year-on-year to about HK$840 million. The rise in net profit is primarily attributable to the steady development of the group's existing distribution, trading, and processing segments, as well as its financial services segment. Additionally, there was an increase in the share of profits from associated companies. Furthermore, in the corresponding period of the previous year, a loss provision of approximately HK$167 million was recognized related to the alleged misappropriation of funds at a non-wholly owned subsidiary in Singapore.
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