ITC Properties Group Limited Issues Profit Warning, Anticipates Net Loss of Over HK$750 Million for Year Ending March 2025

Reuters
Jun 20, 2025
ITC Properties Group Limited Issues Profit Warning, Anticipates Net Loss of Over HK$750 Million for Year Ending March 2025

ITC Properties Group Limited has issued a profit warning, indicating that the company expects to report a net loss of not less than HK$750.0 million for the fiscal year ending March 31, 2025. This projected loss is a notable increase compared to the approximately HK$644.9 million net loss recorded in the previous fiscal year. The company attributes the expected increase in net loss primarily to two factors: a gain on compensation of at least HK$200.0 million related to an agreement with The People's Government of Sanya City over a land resumption in Sanya City, Hainan Province, China, and the absence of an impairment loss of approximately HK$136.2 million for an associate that was recorded in the previous fiscal year. ITC Properties Group Limited is in the process of finalizing its annual results, which are scheduled to be published on June 27, 2025. Shareholders and potential investors are advised to exercise caution when dealing in 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. ITC Properties Group Limited published the original content used to generate this news brief on June 20, 2025, and is solely responsible for the information contained therein.

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