ORANGE SKY G H(01132) Announcement of Profit Forecast: The net profit attributable to shareholders for the year 2025 is expected to be no less than HK$50 million.
Orange Sky Golden Harvest (01132) announced that the group expects a net profit attributable to shareholders of not less than 50 million Hong Kong dollars for the year ending December 31, 2025, while the net loss for the year 2024 was 243 million Hong Kong dollars.
ORANGE SKY G H (01132) announces that the group expects to achieve a net attributable profit to shareholders of not less than HK$50 million for the year ending December 31, 2025, while the net loss for the year 2024 was HK$243 million.
The board believes that the net attributable profit to shareholders for the year 2025 is mainly due to the net impact of the following factors: (i) the termination of several cinema leases by the group, resulting in non-recurring net gains of approximately HK$190 million for cost reversal and lease modifications of HK$860 million; (ii) income tax offset of HK$33 million due to the deferment of tax liabilities from the sale of a property in Singapore; (iii) impairment losses on non-financial assets reduced from HK$442 million in 2024 to not more than HK$130 million in 2025; (iv) non-recurring net gains of HK$294 million from the sale of equity in joint ventures in 2024, with no such gains expected in 2025; (v) net gains of HK$16 million expected from the sale of a property in Singapore in 2025; (vi) reduction of operational expenses due to cost cutting, temporary rental support, and closure of cinema operations in Hong Kong in 2025.
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