PPS INT'L (08201) issued a profit warning, expecting a net loss attributable to shareholders of HK$3 million to HK$4 million in mid-2025.

PPS INT'L (08201) announced that it is expected to incur a net loss attributable to owners of the Company of 3 to 4 million Hong Kong dollars for the six months ending on December 31, 2024 (mid-2025 performance), compared to a net profit of approximately 4.8 million Hong Kong dollars for the six months ending on December 31, 2023. The decrease in the comprehensive financial performance for the mid-2025 performance is mainly attributed to the net impact of the following factors: no reversal of impairment provision for confirmed receivables for the six months ending on December 31, 2024 (2023: approximately 6.8 million Hong Kong dollars); and an increase in revaluation loss of self-owned properties in Hong Kong by approximately 800,000 Hong Kong dollars for the six months ending on December 31, 2024.