KINGLAND GROUP (01751) issues profit warning, expecting net loss attributable to shareholders for the year 2025 not to be less than HK$10 million.
Chi Sang Neng Jian (01751) announces that the Group is expected to incur a net loss attributable to owners of the Company of not less than HK$10 million for the year ending on December 31, 2025, while a net profit attributable to owners of the Company of approximately HK$500,000 is expected for the year 2024. The Board of Directors believes that the anticipated loss is mainly due to a decrease in revenue caused by a decline in business volume for the current year, coupled with a decrease in overall gross profit margin.
KINGLAND GROUP (01751) announced that the group is expected to incur a net loss attributable to the company's owners of not less than HK$10 million for the year ending December 31, 2025, while it is expected to have a net profit of approximately HK$500,000 for the year ending 2024. The board of directors believes that the expected loss is mainly due to a decrease in revenue caused by a decline in business volume this year, coupled with a decrease in overall gross profit margin.
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