EASYKNIT INT'L (01218) expects a significant decrease in mid-term net loss to not more than HK$110 million.

EASYKNIT INT'L (01218) announced that compared to a net loss of approximately 709.5 million Hong Kong dollars for the six months ended September 30, 2024, the Group is expected to significantly narrow its net loss to no more than 110 million Hong Kong dollars for the six months ended September 30, 2025. The expected decrease in net loss is mainly due to the reduction of impairment losses on development properties held for sale and properties held for sale, as well as a decrease in losses from discontinued operations, partly offset by an increase in fair value loss on investment properties; and a decrease in gains on bargain purchases recognized upon the deemed acquisition of an associate.