SHIN HWA WORLD (00582) issues profit warning, expecting a year-on-year increase in comprehensive net loss for the mid-term not exceeding 12%.

SHIN HWA WORLD (00582) announces that it expects the Group's comprehensive net loss for the six months ending June 30, 2025 to increase by no more than 12% compared to the same period in 2024. The expected increase in comprehensive net loss for this period is primarily due to (i) pressure on property prices and weakened customer spending, leading to a decrease in comprehensive revenue (especially from the Group's integrated resort and gaming business); and (ii) a decrease in the fair value of investment properties. As of the date of this announcement, the Group is still evaluating any impairment losses on intangible assets (if necessary). Considering the potential impairment losses on intangible assets that may need to be recognized, it is anticipated that the comprehensive net loss for this period will increase by no more than 12% compared to the same period in 2024.