Hin Sang Group Issues Profit Warning, Expects HK$49 Million Net Loss for FY2024/25

Reuters
23 Jun
Hin Sang Group Issues Profit Warning, Expects HK$49 Million Net Loss for FY2024/25

Hin Sang Group (International) Holding Co. Ltd. has issued a profit warning, indicating an expected consolidated net loss of approximately HK$49 million for the financial year ending 31 March 2025. This marks an increase from the previous year's net loss of around HK$36.4 million. The company attributes this anticipated increase primarily to a loss on the fair value change of financial assets, which shifted from a gain of approximately HK$6.7 million in the previous year to a loss of about HK$1.2 million. Additionally, an impairment of property, plant, and equipment is expected to amount to approximately HK$7.5 million, up from HK$3.8 million the previous year. Shareholders and potential investors are advised to exercise caution, as the figures are based on a preliminary review and have not yet been confirmed by auditors. The final results are expected to be published on 27 June 2025.

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