IBI Group Holdings Ltd. Announces Expected Increase in Net Profit to HK$8.6 Million for Year Ending March 2025

Reuters
Jun 05
IBI Group Holdings Ltd. Announces Expected Increase in Net Profit to HK$8.6 Million for Year Ending March 2025

IBI Group Holdings Limited has issued a positive profit alert, indicating a significant improvement in its financial performance for the year ended 31 March 2025. The company expects to report an unaudited net profit of approximately HK$8.6 million, a substantial increase from the HK$0.4 million net profit recorded in the previous year. This improvement is primarily attributed to the recognition of unrealised profits from financial assets at fair value through profit or loss, as opposed to an unrealised loss in the prior year. Additionally, the company noted a significant fair value loss on investment property in the previous year and highlighted an improvement in the Building Solutions segment, which is now contributing to the Group's profit. The financial results are based on a preliminary assessment of unaudited consolidated management accounts and are subject to adjustments. Detailed financial information and performance metrics will be disclosed in the company's annual results announcement, expected to be published in late June 2025.

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