SC HOLDINGS (00413)issued a profit warning, expecting a significant loss for the fiscal year 2025.
South China Group Holdings (00413) announced that the group is expected to incur a significant loss for the year ending December 31, 2025, while it achieved a net profit for the same period in 2024 (net profit for 2024 was 12.2 million Hong Kong dollars). The expected loss is mainly due to: (i) a net loss in fair value of investment properties, reflecting a weakening property market; (ii) a decrease in sales orders from major customers and a reduction in orders from overseas customers due to the impact of U.S. tariffs, leading to operating losses in the trade and manufacturing business.
SC Holdings (00413) announced that the group is expected to incur a significant loss for the year ending on December 31, 2025, while it had a net profit for the same period in 2024 (the net profit for 2024 was HK$12.2 million). The expected loss is mainly due to: (i) a net fair value loss on investment properties, reflecting a weakening property market; (ii) a decrease in sales orders from major customers and a reduction in orders from overseas customers due to the impact of US tariffs, resulting in operational losses in the trade and manufacturing business.
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