Hong Kong Economic Times Holdings Reports HK$36 Million Loss for FY 2025, Down from HK$54 Million Profit in Previous Year
Reuters
May 16
Hong Kong Economic Times Holdings Reports HK$36 Million Loss for FY 2025, Down from HK$54 Million Profit in Previous Year
Hong Kong Economic Times Holdings Ltd. has issued a profit warning for the financial year ended 31 March 2025, based on its preliminary unaudited consolidated management accounts. The Group anticipates recording a loss attributable to owners of the Company of approximately HK$36 million, contrasting with a profit of HK$54 million for the year ended 31 March 2024. This expected downturn is primarily due to the absence of a one-time gain from the disposal of a property amounting to HK$122 million in the previous year, coupled with impairment losses of approximately HK$5 million on certain investment properties in the current financial year. Additionally, the Group experienced a decrease in revenue, attributed to an unfavorable economic environment. The final annual results are expected to be published before the end of June 2025, and shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
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