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.
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