Extrawell Pharmaceutical Holdings Ltd. Forecasts HK$215-225 Million Profit Turnaround for Year Ending March 2025

Reuters
Jun 23
Extrawell Pharmaceutical Holdings Ltd. Forecasts HK$215-225 Million Profit Turnaround for Year Ending March 2025

Extrawell Pharmaceutical Holdings Ltd. has announced a significant turnaround in its financial performance for the fiscal year ending March 31, 2025. The company expects to report a profit ranging between HK$215 million and HK$225 million, marking a substantial improvement from a loss recorded in the previous year. This positive shift is primarily attributed to a non-cash gain from the fair value change of financial assets, specifically the Group's investments in convertible bonds. The company is still finalizing its annual results, which remain subject to audit and are anticipated to be published by the end of June 2025. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.

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