Most Kwai Chung Limited has issued a profit warning, indicating that consolidated profit attributable to owners for the year ended 31 March 2026 will not exceed HK$2.00 million. This represents a sharp decline of about 67% from the HK$6.10 million recorded in the prior fiscal year.
Management attributes the profit contraction to two main factors:
1. One-off comparison effect: The previous financial year benefited from a fair value gain related to the step acquisition of a 31% stake in To Be Honest Limited, a non-recurring item absent in the current period.
2. Cost pressure: Staff expenses rose due to the distribution of a special bonus, partially offset by a reversal of impairment losses on trade receivables.
The unaudited figures are based on the Group’s internal management accounts and may be adjusted once the annual results are finalized. The company plans to publish its full audited results on 26 June 2026.
Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares pending the release of the final results.