Feg Holdings Corporation Ltd. has issued a profit warning, indicating that the company expects to record a consolidated loss attributable to its owners in the range of approximately HK$80 million to HK$90 million for the year ended March 31, 2025. This forecast marks a significant downturn from a consolidated profit of approximately HK$17.3 million in the corresponding period of 2024. The decline is primarily attributed to a decrease in gross profit margin and an increase in administrative expenses. Additionally, trading of the company's shares on the Hong Kong Stock Exchange has been suspended since July 2, 2025, due to a delay in the publication of financial results. The company has advised shareholders and potential investors to exercise caution. The final results are expected to be published by mid-July 2025. The information disclosed is based on the preliminary review of unaudited consolidated management accounts and may be subject to further adjustments.
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.