Asia Allied Infrastructure Holdings Ltd. Issues Profit Warning, Expects HK$275 Million Net Loss for Fiscal Year Ending March 2025

Reuters
18 Jun
Asia Allied Infrastructure Holdings Ltd. Issues Profit Warning, Expects HK$275 Million Net Loss for Fiscal Year Ending March 2025

Asia Allied Infrastructure Holdings Ltd. has issued a profit warning, indicating that the company is expected to record a net loss of up to HK$275 million for the fiscal year ending 31 March 2025. This marks a significant reversal from the previous fiscal year, where the company posted a net profit of approximately HK$72 million. The anticipated loss is primarily attributed to a write-off of contract assets from certain projects due to uncertainties in their recovery, a move that aligns with Hong Kong Financial Reporting Standards. Additionally, the previous year's gains from the disposal of a leasehold land are not present in the current financial year. This announcement is based on preliminary unaudited financial information, with the final audited results expected to be published around 26 June 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities.

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. Asia Allied Infrastructure Holdings Ltd. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10