YGM Trading Ltd. Issues Profit Warning, Anticipates HK$25 Million Loss for FY2025

Reuters
Jun 05
YGM Trading Ltd. Issues Profit Warning, Anticipates HK$25 Million Loss for FY2025

YGM Trading Ltd. has issued a profit warning, forecasting a consolidated loss attributable to shareholders of up to HK$25 million for the fiscal year ending March 31, 2025. This represents a significant increase compared to the HK$5.1 million loss recorded the previous year. The company attributes this anticipated loss to several factors, including declining spending by Chinese tourists in Hong Kong, ongoing economic weakness, low consumer sentiment in both Hong Kong and Mainland China, impairment losses on certain intangible assets, and increased fair value losses on specific investment properties. YGM Trading cautions shareholders and potential investors to exercise care when dealing in the company's shares, as these results are based on preliminary unaudited data and are subject to adjustments before finalization. The full audited results are expected to be released by the end of June 2025.

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