Wai Chun Group Holdings Limited Forecasts Significant Reduction in Losses for Year Ending March 2025
Reuters
Jun 27
Wai Chun Group Holdings Limited Forecasts Significant Reduction in Losses for Year Ending March 2025
Wai Chun Group Holdings Limited has announced a profit alert indicating a reduction in net loss for the financial year ended 31 March 2025. The company expects to report a consolidated net loss of not more than approximately HK$11.0 million, a significant improvement compared to the HK$36.5 million loss recorded in the previous year. The reduction in loss is attributed primarily to a substantial increase in the gain on derecognition of a convertible bond and a decrease in administrative expenses, including lower depreciation costs for property, plant, and equipment. The company is still in the process of finalizing its audited annual results, which are expected to be published on 30 June 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.
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