Telecom Digital Holdings Ltd. Announces Significant Profit Decline Forecast for 2025, Citing Absence of Prior Year’s Property Disposal Gains

Reuters
Jun 11
Telecom Digital Holdings Ltd. Announces Significant Profit Decline Forecast for 2025, Citing Absence of Prior Year's Property Disposal Gains

Telecom Digital Holdings Limited has issued a profit warning, indicating a significant decrease in profit for the financial year ending March 31, 2025. The company expects the profit attributable to its owners to fall to not less than HK$21.0 million, down from approximately HK$56.4 million in the previous year. This decline is primarily due to the absence of a disposal gain on property, a factor that contributed approximately HK$38.1 million to the profit in the prior year. The financial information is based on preliminary unaudited management accounts and is subject to changes. The final annual results are expected to be disclosed by June 27, 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telecom Digital Holdings Ltd. published the original content used to generate this news brief on June 11, 2025, and is solely responsible for the information contained therein.

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