Emperor Culture Group Limited Projects Significant Reduction in Net Loss, Anticipates Not More Than HK$200 Million for 2025
Reuters
Aug 27
Emperor Culture Group Limited Projects Significant Reduction in Net Loss, Anticipates Not More Than HK$200 Million for 2025
Emperor Culture Group Limited has issued a profit alert indicating a significant reduction in net loss for the financial year ended June 30, 2025. The company's preliminary review suggests that the net loss is expected to decrease to not more than HK$200 million, compared to HK$715 million in the previous year. This improvement is primarily attributed to a considerable reduction in impairment allowance, which is anticipated not to exceed HK$70 million, down from HK$428 million last year, related to right-of-use assets and property, plant, and equipment. The audited annual results are expected to be published in late September 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities, as the financial data has not yet been finalized.
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