COMPUTER & TECH (00046) issues profit warning, expecting annual net profit to decrease by no more than HK$20 million from the previous year.

COMPUTER & TECH (00046) announces that it expects to achieve a profit of not more than HK$20 million for the year ending December 31, 2025, while the profit for the year ending December 31, 2024 was HK$28.9 million. Despite maintaining a stable overall financial, business, and operational status, the expected decrease in profit is mainly due to: a revaluation of industrial properties in Hong Kong, resulting in a decrease in the fair value of an investment property located in Hong Kong by approximately HK$13 million (2024: HK$5 million); and additional tax provisions of approximately HK$11 million (2024: HK$4.1 million) arising from additional deductions for research and development expenses in previous years.