KATO (HK) Holdings (02189) issued a profit warning, expecting a decrease in the annual net profit attributable to shareholders to not less than HK$18 million.

KATO (HK) HLDGS (02189) released an announcement, stating that the Group expects the net profit attributable to owners of the company for the year ending March 31, 2025 to be no less than HK$18 million, while the net profit attributable to owners for the year ending March 31, 2024 was approximately HK$64.20 million. The decrease in expected net profit for the year is mainly due to a fair value loss of no less than HK$23.30 million on investment properties recognized during the year (corresponding year: gain of HK$18.60 million).