OIWAHPAWN (01319) issued a profit warning, expecting a year-on-year decrease of 30% to 50% in the net profit attributable to shareholders for the year.

OIWAHPAWN (01319) announced that the expected attributable profit to owners of the group for the full year ending February 28, 2025 is anticipated to decrease by 30% to 50% compared to the full year ending February 29, 2024, amounting to approximately 86.4 million Hong Kong dollars. The expected decrease in profit for the year is mainly due to a significant decline in real estate prices, leading to an increase in expected credit loss provisions for receivables.