Wai Hung Group Holdings Issues Profit Warning, Anticipates Net Loss of Approximately MOP 72.6 Million for 2025 Fiscal Year
Stock News
Feb 24
Wai Hung Group Holdings (03321) announced that the group expects to record a net loss of approximately MOP 72.6 million for the 12-month period ending December 31, 2025 (the reporting period). This compares to a net loss of approximately MOP 48.9 million for the 12-month period ended December 31, 2024 (the previous period). Based on the latest information available to the board of directors, the increase in net loss is primarily attributable to the absence of a reversal of impairment losses on trade receivables, as well as on other receivables, deposits, and prepayments during the reporting period. In contrast, a combined reversal of approximately MOP 36.6 million was recognized in the previous period.
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