Alco Holdings Limited has issued a profit warning, indicating an anticipated financial downturn for the year ended 31 March 2025. The company expects to report a loss between HKD60 million and HKD70 million, a significant decline from the HKD592 million profit recorded the previous year. The expected shift from profit to loss is attributed to the absence of a one-off gain from the deconsolidation of a disposal group, which had contributed approximately HKD596 million to the prior year's profits. Additionally, there has been a decrease in revenue and gross profit, from HKD148 million and HKD9 million in the previous year to HKD99 million and HKD5 million, respectively, due to ongoing competitive pricing pressures. Alco Holdings advises shareholders and potential investors to exercise caution when dealing with the company's securities. The financial results for the period are set to be finalized and announced by 30 June 2025, pending internal review and confirmation.
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.