GRACE LIFE-TECH (02112) Anticipates 65%-73% Decrease in Net Loss for Fiscal Year 2025
Stock News
Mar 23
GRACE LIFE-TECH (02112) announced that the group expects to record a net loss between $13 million and $17 million for the fiscal year ending December 31, 2025. This represents a significant reduction of approximately 65% to 73% compared to the net loss of $48 million reported for the 2024 fiscal year. The substantial decrease in net loss is primarily attributed to a one-time provision for financial asset impairment recognized in the 2024 fiscal year, with no similar provision being made in the 2025 fiscal year.
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