NEW AMANTE (08412) issues profit warning, expecting a mid-term loss of no less than HK$9 million, turning from profit to loss year-on-year.

NEW AMANTE (08412) announces that, based on the preliminary review of the unaudited interim management accounts for the six months ending November 30, 2024, and existing information available, the Group expects to incur a loss of not less than HK$9 million for the six months ending November 30, 2024. This represents a turnaround from a profit of approximately HK$463,000 for the six months ending November 30, 2023. The main reason for this expected turnaround is the closure of an entertainment venue due to the expiry of the lease on August 4, 2024.