Tern Properties Issues Profit Warning, Expects Significant Loss for Fiscal Year Ending March 2025

Reuters
04 Jun
Tern Properties Issues Profit Warning, Expects Significant Loss for Fiscal Year Ending March 2025

Tern Properties Company Limited has issued a profit warning, cautioning shareholders and potential investors regarding the company's financial outlook. The announcement, made in accordance with the regulatory requirements of the Hong Kong Stock Exchange, indicates that the company's unaudited consolidated management accounts suggest a potentially unfavorable financial performance for the year. The Board, which includes Chairmen Ms. Chan Yan Wai, Emily and Mr. Chan Yan Lam, Alan, has not yet finalized the audited annual results, and the preliminary assessment could be subject to adjustments. The actual annual results are expected to be published in mid-June 2025. Investors are advised to exercise caution when dealing in the company's shares as the preliminary figures have not been reviewed by the company's auditors or audit committee.

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