AV PROMOTIONS (08419) issued a profit warning, expecting an annual net loss attributable to shareholders of approximately HK$6 million, compared to a profit in the previous year.
AV Planning and Promotion (08419) announced that the Group expects to record a net loss attributable to owners of the company of not more than approximately HK$6 million in the 2025 financial year, compared to a net profit attributable to owners of the company of approximately HK$1.8 million for the year ended December 31, 2024.
AV PROMOTIONS (08419) announces that the Group is expected to incur a loss attributable to owners of the Company of approximately HK$6 million for the financial year 2025, compared to a profit attributable to owners of the Company of approximately HK$1.8 million for the year ended 31st December 2024.
Based on available information, the Board believes that the shift from profit to loss is mainly attributable to (i) a decrease in revenue for the Group in the financial year 2025 compared to 2024, primarily due to intense competition in the one-stop video, lighting, and audio solutions service industry in 2025; and (ii) the recognition of income from lease terminations in 2024, which is not present in 2025.
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